Wednesday, August 31, 2016

Option Open Interest for 31-08-2016

Inference
The index opened positive and stayed strong making a high of 8819 but close just below 8800 at 8786.20, gain of 41.85 points. The broader market though was negative with 757 advances to 855 declines. Range stays at 8500-9000.
  • Call option 8900-9400 added 21.06 lacs OI with short covering at 8800 and below strike prices.
  • Put option 9000-8400 added 30.61 lacs OI with profit booking at 8300 and below strike prices.
  • Nifty Open Interest is at 3,30,23,850 up by 25,72,425, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 28,25,760 up by 2,11,920, with increase in price, probably huge long build-up.
  • FII’s bought huge 43818 contracts of Index Futures, which includes net 35858 contracts long build-up and 7960 contracts short covering, with increase in net OI by 27898 contracts, includes 79671 longs to 35853 shorts for the day.
  • FII’s Index future open contract as on date is 389136 Longs to 35174 Shorts, Net long 353962 contracts.
  • Initial support at 8700, with OI of 37.36 lacs and below that at 8600 with OI of 58.64 lacs.
  • Initial resistance at 8800, with OI of 33.83 lacs and above that at 9000 with OI of 57.97 lacs.
  • Day Range as per Option Table is 8725 - 8846 and as per VIX is 8726 - 8846 with 8786 as the Pivot.
India VIX : 13.24 up by 0.22 points
Call OI : 35927250
Put OI : 43340625
PCR OI : 1.2063
SMR : 10.98 (Bullish : Highly Bullish environment, time to be cautious, though still remains a strong Buy on Dip market with 9000 the resistance level...)


Tuesday, August 30, 2016

Option Open Interest for 30-08-2016

Inference
The index opened strong and stayed strong for the entire session of trade making higher highs with each passing hour to close near the highs at 8744.35, huge gain of 136.90 points. The broader market was strong with 1009 advances to 578 declines. Range stays at 8500-9000.
  • Call option 8800-9300 added 28.32 lacs OI with short covering at 8700 and below strike prices.
  • Put option 8900-8500 added 36.20 lacs OI with profit booking at 8400 and below strike prices.
  • Nifty Open Interest is at 3,04,51,425 up by 26,88,750, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 26,13,840 up by 4,00,480, with increase in price, probably huge long build-up.
  • FII’s bought huge 31700 contracts of Index Futures, which includes net 35291 contracts long build-up and 3591 contracts short build-up, with increase in net OI by 38882 contracts, includes 63362 longs to 31662 shorts for the day.
  • FII’s Index future open contract as on date is 353278 Longs to 43134 Shorts, Net long 310144 contracts.
  • Initial support at 8700, with huge OI addition of 11.51 lacs and below that at 8600 with OI of 56.41 lacs.
  • Initial resistance at 8800, with OI of 37.65 lacs and above that at 9000 with OI of 52.33 lacs.
  • Day Range as per Option Table is 8660 - 8782 and as per VIX is 8685 - 8804 with 8712 as the Pivot.
India VIX : 13.02 down by 0.15 points
Call OI : 34787550
Put OI : 40342950
PCR OI : 1.1597
SMR : 11.23 (Bullish : OI table has turned highly Bullish with the month turning out to be Buy on Dips, with upside resistance only around 9000...)

Monday, August 29, 2016

Option Open Interest for 29-08-2016

Inference
The index opened positive but saw profit booking to the lows of the day around 8544, but value buying saw the index close above 8600 at 8607.45, gain of 34.90 points. The broader market though was negative with 711 advances to 889 declines. Range has narrowed down to 8500-9000.
  • Call option 8600-8900 added 14.49 lacs OI with short covering at 8200 and below strike prices.
  • Put option 8700-8000 added 26.48 lacs OI with short covering at 8900 and above strike prices.
  • Nifty Open Interest is at 2,77,62,675 up by 4,63,500, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 22,13,360 up by 1,54,840, with increase in price, probably huge long build-up.
  • FII’s bought 805 contracts of Index Futures, which includes net 2830 contracts long build-up and 2025 contracts short build-up, with increase in net OI by 4855 contracts, includes 38733 longs to 37928 shorts for the day.
  • FII’s Index future open contract as on date is 317987 Longs to 39543 Shorts, Net long 278444 contracts.
  • Initial support at 8600, with OI of 42.05 lacs and below that at 8500 with OI of 59.03 lacs.
  • Initial resistance at 8700, with OI of 36.76 lacs and above that at 9000 with OI of 40.05 lacs.
  • Day Range as per Option Table is 8542 - 8653 and as per VIX is 8548 - 8667 with 8591 as the Pivot.
India VIX : 13.17 down by 0.40 points
Call OI : 32926200
Put OI : 37170150
PCR OI : 1.1289
SMR : 11.67 (Bullish : Base for the series seems to have been done around 8500, with OI just shy of 60 lacs, upside resistance of note only around 9000...)


Sunday, August 28, 2016

Option Open Interest for 26-08-2016

Inference
The index opened positive but saw short build-up from the onset to the lows of the day around 8547 but closed marginally higher but still in red at 8572.55, loss of 19.65 points. The broader market was weak with 577 advances to 1019 declines. Range at the start of the series now at 8400-9000.
  • Call option 8400-9100 added 34.40 lacs OI with profit booking at 9200 and above strike prices.
  • Put option 8800-8000 added huge 53.38 lacs OI with short covering at 9000 strike price.
  • Nifty Open Interest is at 2,72,99,175 up by 9,17,475, with increase in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 20,58,520 up by 68,320, with decrease in price, probably short build-up.
  • FII’s bought 15864 contracts of Index Futures, which includes net 12321 contracts long build-up and 3543 contracts short covering, with increase in net OI by 8778 contracts, includes 33406 longs to 17542 shorts for the day.
  • FII’s Index future open contract as on date is 315157 Longs to 37518 Shorts, Net long 277639 contracts.
  • Initial and best support at 8500, with OI of 48.54 lacs and below that at 8400 with OI of 44.41 lacs.
  • Initial resistance at 8700, with OI of 35.45 lacs and above that at 9000 with OI of 41.01 lacs.
  • Day Range as per Option Table is 8526 - 8637 and as per VIX is 8512 - 8633 with 8581 as the Pivot.
India VIX : 13.57 up by 0.28 points
Call OI : 31548675
Put OI : 34397250
PCR OI : 1.0903
SMR : 12.45 (Neutral : The Option Table stays neutral with strong support building up around 8500 level, upside resistance of note only around 9000...)


Friday, August 26, 2016

Option Open Interest for 25-08-2016

Inference
The index opened positive and went on to make the highs of the day at 8683 within the first few minutes but profit booking from thereon saw the index close at 8592.20, loss of 58.10 points. The broader market was negative with 640 advances to 942 declines. Range at the start of the series comes to 8300-9000.
  • Call option 8000-9300 added 39.68 lacs OI.
  • Put option 9000-8000 added 35.72 lacs OI with profit booking at 8500 strike price.
  • Nifty Open Interest is at 2,63,81,700 up by 50,56,800, with decrease in price, probably 100% roll-over with short build-up.
  • Bank Nifty Open Interest is at 19,90,200 up by 6,43,440, with decrease in price, mostly roll-over with some long liquidation.
  • FII’s bought 14117 contracts of Index Futures, which includes net 22955 contracts long liquidation and 47948 contracts short covering, with decrease in net OI by 70903 contracts, includes 104749 longs to 90632 shorts for the day.
  • FII’s Index future open contract as on date is 302836 Longs to 41061 Shorts, Net long 261775 contracts.
  • Initial support at 8600, with OI of 26.86 lacs and below that at 8500 with OI of 35.30 lacs.
  • Initial resistance at 8700, with OI of 28.97 lacs and above that at 9000 with OI of 37.95 lacs.
  • Day Range as per Option Table is 8559 - 8666 and as per VIX is 8532 - 8652 with 8620 as the Pivot.
India VIX : 13.29 down by 0.20 points
Call OI : 27938100
Put OI : 28576800
PCR OI : 1.0229
SMR : 12.99 (Neutral : New series starts with a huge range of 8300-9000, with Neutral Bias, could see some trending moves in the coming days...)

Wednesday, August 24, 2016

Option Open Interest for 24-08-2016

Inference
The index opened positive and stayed in a small range of just 40 points and closed making a DOJI candle at 8650.30, gain of 17.70 points. The broader market was positive with 948 advances to 651 declines. Range for expiry at 8550-8750.
  • Not much Call option addition with short covering at 8600 and below strike prices.
  • Put option 8650-8600, 8400 added 11.75 lacs OI with profit booking at 8500 and below strike prices.
  • Nifty Open Interest is at 92,94,825 down by 30,56,550, whereas next series added 29.80 lacs with no change in price, mostly roll-over with small short covering.
  • Bank Nifty Open Interest is at 14,56,240 down by 3,53,880, whereas next series added 2.75 lacs with increase in price, mostly roll-over with some short covering.
  • FII’s sold 4370 contracts of Index Futures, which includes net 3520 contracts long build-up and 7890 contracts short build-up, with increase in net OI by 11410 contracts, includes 90120 longs to 94490 shorts for the day.
  • FII’s Index future open contract as on date is 329311 Longs to 96899 Shorts, Net long 232412 contracts.
  • Initial support stays at 8600, with OI of 47.44 lacs and below that at 8500 with OI of 45.57 lacs.
  • Initial resistance at 8700, with OI of 62.35 lacs and above that at 8800 with OI of 66.35 lacs.
  • Day Range as per Option Table is 8595 - 8695 and as per VIX is 8589 - 8711 with 8644 as the Pivot.
India VIX : 13.49 down by 0.41 points
Call OI : 35773425
Put OI : 37370250
PCR OI : 1.0446
SMR : 12.91 (Bullish : Expiry has boiled down to 8600-8700 range, and possibility of extremes to be tested tomorrow with small edge to the Bulls...)


Tuesday, August 23, 2016

Option Open Interest for 23-08-2016

Inference
The index opened flat and stayed in a narrow range only to see huge swing in the last hour of trade to close positive for the day at 8632.60, gain of 3.45 points. The broader market was weak with 735 advances to 866 declines. Range till expiry at 8450-8750.
  • Call option 8600 added 0.99 lacs OI with profit booking at 8800 and above strike prices.
  • Put option 8650-8600 added 3.26 lacs OI with profit booking at 8500 and below strike prices.
  • Nifty Open Interest is at 1,23,51,375 down by 58,12,125, whereas next series added 74.27 lacs with no change in price, most probably 100% roll-over with huge long/short build-up.
  • Bank Nifty Open Interest is at 18,10,120 down by 1,03,840, whereas next series added 1.60 lacs with increase in price, most probably 100% roll-over with long build-up.
  • FII’s sold 10155 contracts of Index Futures, which includes net 7303 contracts long build-up and 17458 contracts short build-up, with increase in net OI by 24761 contracts, includes 148843 longs to 158998 shorts for the day.
  • FII’s Index future open contract as on date is 325791 Longs to 89009 Shorts, Net long 236782 contracts.
  • Initial support stays at 8600, with OI of 43.36 lacs and below that at 8500 with OI of 51.38 lacs.
  • Initial resistance at 8700, with OI of 64.94 lacs and above that at 8800 with OI of 67.91 lacs.
  • Day Range as per Option Table is 8568 - 8675 and as per VIX is 8570 - 8695 with 8618 as the Pivot.
India VIX : 13.90 down by 0.34 points
Call OI : 39743025
Put OI : 37707975
PCR OI : 0.9488
SMR : 14.65 (Bullish : A frustrating month for the Trend Followers, but goldmine for Option Writer has been the gist of this series, and next 2 days won’t be different...)


Monday, August 22, 2016

Option Open Interest for 22-08-2016

Inference
The index opened flat and went on to make days high within the first few minutes, but profit booking saw the index close weak at 8629.15, loss of 37.75 points. The broader market was weak with 699 advances to 902 declines. Range stays at 8500-8800.
  • Call option 8600-8900 added 38.87 lacs OI with profit booking at 9000 and above strike prices.
  • Put option did not add any OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 1,81,63,500 down by 50,47,875, whereas next series added 57.32 lacs with decrease in price, most probably 100% roll-over with short build-up.
  • Bank Nifty Open Interest is at 19,13,960 down by 2,80,800, whereas next series added 4.35 lacs with decrease in price, most probably 100% roll-over with huge short build-up.
  • FII’s sold 7293 contracts of Index Futures, which includes net 7660 contracts long build-up and 14953 contracts short build-up, with increase in net OI by 22613 contracts, includes 119324 longs to 126617 shorts for the day.
  • FII’s Index future open contract as on date is 318488 Longs to 71551 Shorts, Net long 246937 contracts.
  • Initial support still at 8600, with OI of 42.31 lacs and below that at 8500 with OI of 59.25 lacs.
  • Initial resistance at 8650, with huge OI addition of 13.16 lacs and above that at 8700 with OI of 65.44 lacs.
  • Day Range as per Option Table is 8584 - 8694 and as per VIX is 8565 - 8693 with 8643 as the Pivot.
India VIX : 14.24 down by 0.30 points
Call OI : 41367450
Put OI : 37205325
PCR OI : 0.8994
SMR : 15.83 (Neutral : Option Table turned weak going into Expiry week, with range contracting down to 8500-8700, strong support still around 8500...)

Sunday, August 21, 2016

Option Open Interest for 19-08-2016

Inference
The index opened positive around the highs of day but saw profit booking at higher levels to close at 8666.90, small loss of 6.35 points. The broader market was positive with 898 advances to 698 declines. Range stays at 8500-8800.
  • Call option 8650-8900 added 12.63 lacs OI with profit booking at 9000 and above strike prices.
  • Put option 8650, 8500 added 9.09 lacs OI with profit booking at 8600 and below strike prices.
  • Nifty Open Interest is at 2,32,11,375 down by 6,34,725, whereas next series added 7.01 lacs with not much change in price, most probably 100% roll-over with small long build-up.
  • Bank Nifty Open Interest is at 21,94,760 up by 22,640, whereas next series added 1.60 lacs with increase in price, most probably 100% roll-over with huge long build-up.
  • FII’s bought 3687 contracts of Index Futures, which includes net 5754 contracts long build-up and 2067 contracts short build-up, with increase in net OI by 7821 contracts, includes 30273 longs to 26586 shorts for the day.
  • FII’s Index future open contract as on date is 310828 Longs to 56598 Shorts, Net long 254230 contracts.
  • Initial support at 8600, with OI of 49.92 lacs and below that at 8500 with OI of 59.51 lacs.
  • Initial resistance at 8700, with OI of 54.37 lacs and above that at 8800 with OI of 73.92 lacs.
  • Day Range as per Option Table is 8614 - 8725 and as per VIX is 8601 - 8733 with 8670 as the Pivot.
India VIX : 14.54 down by 0.01 points
Call OI : 38775750
Put OI : 39941400
PCR OI : 1.0301
SMR : 14.12 (Bullish : OI stays in a tight range of 8500-8800 and may not give away in this expiry, the market still remains a buy on dips...)


Thursday, August 18, 2016

Option Open Interest for 18-08-2016

Inference
The index opened positive and stayed strong for the entire session of trade to close strong at 8673.25, gain of 49.20 points. The broader market was strong with 1077 advances to 521 declines. Range stays at 8500-8800.
  • Call option 9200 added 0.64 lacs OI with short covering at 8700 and below strike prices.
  • Put option 8800-8600 added 21.00 lacs OI with profit booking at 8500 and below strike prices.
  • Nifty Open Interest is at 2,38,46,100 down by 7,34,925, whereas next series added 10.70 lacs with increase in price, most probably 100% roll-over with long build-up.
  • Bank Nifty Open Interest is at 22,17,400 up by 1,73,040, whereas next series added 1.35 lacs with increase in price, most probably long build-up in both series.
  • FII’s bought 859 contracts of Index Futures, which includes net 6813 contracts long build-up and 5954 contracts short build-up, with increase in net OI by 12767 contracts, includes 39206 longs to 38347 shorts for the day.
  • FII’s Index future open contract as on date is 305074 Longs to 54531 Shorts, Net long 250543 contracts.
  • Initial and best support now at 8600, with OI of 55.30 lacs and below that at 8500 with OI of 53.34 lacs.
  • Initial resistance at 8700, with OI of 53.97 lacs and above that at 8800 with OI of 64.33 lacs.
  • Day Range as per Option Table is 8571 - 8688 and as per VIX is 8607 - 8739 with 8670 as the Pivot.
India VIX : 14.55 down by 0.23 points
Call OI : 38537250
Put OI : 39754875
PCR OI : 1.0316
SMR : 14.10 (Bullish : OI has turned positive with today’s price action, with 8600 now the best support level, upside resistance stays at 8700-8800 range...)


Wednesday, August 17, 2016

Option Open Interest for 17-08-2016

Inference
The index opened flat and stayed in a narrow range for the better part of the day but saw huge profit booking to close the day in red at 8624.05, loss of 18.50 points. The broader market though was positive with 883 advances to 703 declines. Range has narrowed down to 8500-8800.
  • Call option 8600-8800 added 17.79 lacs OI with profit booking at 8900 and above strike prices.
  • Put option 8700, 8300 added 4.59 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 2,45,81,025 down by 2,56,575, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 20,44,360 up by 1,41,920, with increase in price, most probably long build-up.
  • FII’s sold 2141 contracts of Index Futures, which includes net 1640 contracts long build-up and 3781 contracts short build-up, with increase in net OI by 5421 contracts, includes 26354 longs to 28495 shorts for the day.
  • FII’s Index future open contract as on date is 298261 Longs to 48577 Shorts, Net long 249684 contracts.
  • Initial support still at 8600, with OI of 44.57 lacs and below that at 8500 with OI of 54.25 lacs.
  • Initial resistance at 8700, with OI of 59.69 lacs and above that at 8800 with OI of 66.09 lacs.
  • Day Range as per Option Table is 8568 - 8690 and as per VIX is 8557 - 8691 with 8632 as the Pivot.
India VIX : 14.78 up by 0.60 points
Call OI : 42365550
Put OI : 38816100
PCR OI : 0.9162
SMR : 16.13 (Neutral : Based on OI, 8800 seems like a ceiling for the series, downside support still good around 8600-8500, and option writers having a great time...)

Tuesday, August 16, 2016

Option Open Interest for 16-08-2016

Inference
The index opened flat but saw huge profit booking to the lows of the day around 8600 but closed mid way at 8642.55, loss of 29.60 points. The broader market was negative with 610 advances to 994 declines. Range stays at 8400-9000.
  • Call option 8600-9100 added 16.70 lacs OI with profit booking at 9200 strike price.
  • Put option 8600-8100 added 4.20 lacs OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 2,48,37,600 up by 2,03,700, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 19,02,440 up by 79,880, with increase in price, most probably long build-up.
  • FII’s sold 1287 contracts of Index Futures, which includes net 2771 contracts long build-up and 4058 contracts short build-up, with increase in net OI by 6829 contracts, includes 28374 longs to 29661 shorts for the day.
  • FII’s Index future open contract as on date is 296621 Longs to 44796 Shorts, Net long 251825 contracts.
  • Initial support still at 8600, with OI of 47.91 lacs and below that at 8500 with OI of 56.38 lacs.
  • Initial resistance at 8700, with OI of 54.86 lacs and above that at 8800 with OI of 58.79 lacs.
  • Day Range as per Option Table is 8578 - 8705 and as per VIX is 8578 - 8707 with 8642 as the Pivot.
India VIX : 14.18 up by 0.41 points
Call OI : 40517475
Put OI : 39594750
PCR OI : 0.9772
SMR : 14.51 (Bullish : The range of 8700-8800 is turning out to be strong resistance zone, though support still very good around 8600-8500, range trade stays...)


Saturday, August 13, 2016

Option Open Interest for 12-08-2016

Inference
The index opened flat to positive around 8605 and saw huge short covering to close the day near the highs at 8672.15, gain of 80.00 points. The broader market was negative with 771 advances to 816 declines. Range stays at 8400-9000.
  • Call option 9300 added 0.41 lacs OI with short covering at 8700 and below strike prices.
  • Put option 8800-8500, 8200-8000 added 17.80 lacs OI with profit booking at 8400-8300 strike prices.
  • Nifty Open Interest is at 2,46,33,900 down by 8,75,700, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 18,22,560 up by 1,12,240, with increase in price, most probably long build-up.
  • FII’s sold 2535 contracts of Index Futures, which includes net 5244 contracts long liquidation and 2709 contracts short covering, with decrease in net OI by 7953 contracts, includes 27598 longs to 30133 shorts for the day.
  • FII’s Index future open contract as on date is 293850 Longs to 40738 Shorts, Net long 253112 contracts.
  • Initial support at 8600, with OI of 44.76 lacs and below that at 8500 with OI of 56.17 lacs.
  • Initial resistance at 8700, with OI of 45.72 lacs and above that at 8800 with OI of 56.69 lacs.
  • Day Range as per Option Table is 8595 - 8721 and as per VIX is 8610 - 8735 with 8654 as the Pivot.
India VIX : 13.77 down by 0.44 points
Call OI : 38905425
Put OI : 39713925
PCR OI : 1.0208
SMR : 13.49 (Bullish : A smaller range of 8500-8800 has developed and may stay so for the rest of the series, play the range till breakout/breakdown...)