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...)