Wednesday, August 10, 2016

Option Open Interest for 10-08-2016

Inference
The index opened flat but saw huge profit booking to close the day near the lows at 8575.30, huge loss of 102.95 points. The broader market was weak with 399 advances to 1220 declines. Range now at 8400-9000.
  • Call option 8500-8800, 9000-9100 added 42.19 lacs OI with profit booking at 8900 strike price.
  • Put option 8400-8200 added 16.31 lacs OI with short covering at 8600 and above strike prices.
  • Nifty Open Interest is at 2,55,66,900 up by 9,24,975, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 18,94,600 down by 60,120, with decrease in price, most probably long liquidation.
  • FII’s bought 1679 contracts of Index Futures, which includes net 2246 contracts long build-up and 567 contracts short build-up, with increase in net OI by 2813 contracts, includes 32438 longs to 30759 shorts for the day.
  • FII’s Index future open contract as on date is 299229 Longs to 43240 Shorts, Net long 255989 contracts.
  • Initial and best support at 8500, with OI of 53.53 lacs and below that at 8400 with OI of 46.90 lacs.
  • Initial resistance at 8600, with OI addition of 9.10 lacs and above that at 8700 with OI of 51.27 lacs.
  • Day Range as per Option Table is 8535 - 8667 and as per VIX is 8508 - 8642 with 8610 as the Pivot.
India VIX : 14.92 up by 0.38 points
Call OI : 41772975
Put OI : 36588900
PCR OI : 0.8759
SMR : 17.03 (Bearish : The Bulls for the first time this series looks vulnerable, though best support still around 8500, bears may hold the series below 8800...)