Thursday, September 29, 2016

Option Open Interest for 29-09-2016

Inference
The index opened positive and went on to touch 8800, but saw huge sell-off to close weak at 8591.25, huge loss of 153.90 points. The broader market was weak with 126 advances to 1532 declines. Range at the start of series 8400-9000.
  • Call option 8000-9300 added huge 55.46 lacs OI.
  • Put option 8600-8000 added 52.53 lacs OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 2,38,23,600 up by 60,34,575 with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 18,78,000 up by 7,75,200 with decrease in price, 100% roll-over with huge short build-up.
  • FII’s bought 13804 contracts of Index Futures, which includes net 154523 contracts long liquidation and 56871 contracts short covering, with decrease in net OI by 211394 contracts, includes 152766 longs to 138962 shorts for the day.
  • FII’s Index future open contract as on date is 245091 Longs to 34363 Shorts, Net long 210728 contracts.
  • Initial support at 8600, with OI of 29.72 lacs and below that at 8500 with OI of 29.54 lacs.
  • Initial resistance at 8700, with OI of 16.92 lacs and above that at 8800 with OI of 24.31 lacs.
  • Day Range as per Option Table is 8561 - 8717 and as per VIX is 8508 - 8674 with 8650 as the Pivot.
India VIX : 18.45 up by 4.60 points
Call OI : 27525675
Put OI : 27122475
PCR OI : 0.9854
SMR : 18.72 (Bearish : New series has started with the Bears in control, though near the best possible support range of 8600-8500, resistance at 9000...)


Wednesday, September 28, 2016

Option Open Interest for 28-09-2016

Inference
The index opened flat but moved up with each passing hour to close at 8745.15, gain of 38.75 points. The broader market was strong with 1037 advances to 583 declines. Range for expiry 8700-8800.
  • Call option did not add any OI, whereas short covering was seen at 8800 and below strike prices.
  • Put option 8700-8300 added 18.22 lacs OI with short covering at 8900 and above strike prices.
  • Nifty Open Interest is at 1,72,71,300 down by 33,24,525, whereas Oct series added 40.35 lacs with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 12,17,800 down by 5,73,360, whereas Oct series added 2.96 lacs with increase in price, small roll-over with huge short covering.
  • FII’s bought 2717 contracts of Index Futures, which includes net 7987 contracts long build-up and 5270 contracts short build-up, with increase in net OI by 13257 contracts, includes 79693 longs to 76976 shorts for the day.
  • FII’s Index future open contract as on date is 399614 Longs to 91234 Shorts, Net long 308380 contracts.
  • Initial support at 8700, with OI of 58.01 lacs and below that at 8600 with OI of 54.07 lacs.
  • Initial resistance at 8800, with OI of 46.39 lacs and above that at 8900 with OI of 44.47 lacs.
  • Day Range as per Option Table is 8682 - 8799 and as per VIX is 8682 - 8812 with 8738 as the Pivot.
India VIX : 13.85 down by 0.40 points
Call OI : 33935475
Put OI : 45784200
PCR OI : 1.3492
SMR : 10.27 (Neutral to Bullish : The range for expiry has boiled down to 8700-8800 with bulls having a nice edge, expiry could happen near the extremes...)


Tuesday, September 27, 2016

Option Open Interest for 27-09-2016

Inference
The index opened up but was unable to sustain the highs and closed weak at 8706.40, loss of 16.65 points. The broader market was weak with 687 advances to 928 declines. Range stays at 8500-9000.
  • Call option 8600-8800 added 8.31 lacs OI with profit booking at 8900 and above strike prices.
  • Put option 8600 added 1.73 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 2,05,95,825 down by 43,96,050, whereas Oct series added 49.83 lacs with decrease in price, 100% roll-over with some short build-up.
  • Bank Nifty Open Interest is at 17,91,160 down by 1,49,920, whereas Oct series added 2.64 lacs with decrease in price, 100% roll-over with some short build-up.
  • FII’s sold 6185 contracts of Index Futures, which includes net 9050 contracts long build-up and 15235 contracts short build-up, with increase in net OI by 24285 contracts, includes 127265 longs to 133450 shorts for the day.
  • FII’s Index future open contract as on date is 391627 Longs to 85964 Shorts, Net long 305663 contracts.
  • Initial support stays at 8700, with OI of 42.81 lacs and below that at 8600 with OI of 53.33 lacs.
  • Initial resistance at 8800, with OI of 52.91 lacs and above that at 8900 with OI of 47.71 lacs.
  • Day Range as per Option Table is 8657 - 8779 and as per VIX is 8641 - 8771 with 8722 as the Pivot.
India VIX : 14.25 down by 0.32 points
Call OI : 37134000
Put OI : 44200350
PCR OI : 1.1903
SMR : 11.97 (Bearish : The Bears have more or less made sure of an expiry below 8800, the range for the next 2 days could be 8650-8800, Sell on rise...)


Monday, September 26, 2016

Option Open Interest for 26-09-2016

Inference
The index opened weak and stayed weak for the entire session of trade to close weak at 8723.05, huge loss of 108.50 points. The broader market was weak with 524 advances to 1100 declines. Range stays at 8500-9000.
  • Call option 8700-8800 added 20.40 lacs OI with profit booking at 9000 and above strike prices.
  • Put option 8200 added 0.24 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 2,49,91,875 down by 63,49,275, whereas Oct series added 56.22 lacs with decrease in price, mostly roll-over with huge long liquidation.
  • Bank Nifty Open Interest is at 19,41,080 down by 2,95,160, whereas Oct series added 2.78 lacs with decrease in price, mostly roll-over with some long liquidation.
  • FII’s sold huge 18603 contracts of Index Futures, which includes net 22536 contracts long liquidation and 3933 contracts short covering, with decrease in net OI by 26469 contracts, includes 114065 longs to 132668 shorts for the day.
  • FII’s Index future open contract as on date is 382577 Longs to 70729 Shorts, Net long 311848 contracts.
  • Initial support now at 8700, with OI of 44.14 lacs and below that at 8600 with OI of 51.60 lacs.
  • Initial resistance at 8800, with OI of 52.51 lacs and above that at 8900 with OI of 50.53 lacs.
  • Day Range as per Option Table is 8685 - 8801 and as per VIX is 8657 - 8790 with 8749 as the Pivot.
India VIX : 14.57 up by 1.32 points
Call OI : 39181125
Put OI : 46189500
PCR OI : 1.1789
SMR : 12.36 (Bearish : The OI table saw huge transformation with 8800 now a strong resistance, the index is now turning to sell on rise mode...)

Sunday, September 25, 2016

Option Open Interest for 23-09-2016

Inference
The index opened positive and stayed in a narrow range for the better part of the day, but saw huge profit booking in the later part to close at 8831.55, loss of 35.90 points. The broader market was negative with 619 advances to 998 declines. Range stays at 8500-9000.
  • Call option 9000 added 1.62 lacs OI with profit booking at 9100 and above strike prices.
  • Put option 8300-8200 added 2.61 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 3,13,41,150 down by 8,88,600, whereas Oct series added 6.44 lacs with decrease in price, mostly roll-over with long liquidation.
  • Bank Nifty Open Interest is at 22,36,240 up by 1,08,760, whereas Oct series added 0.32 lacs with decrease in price, probably short build-up in both series.
  • FII’s bought 5245 contracts of Index Futures, which includes net 4820 contracts long build-up and 425 contracts short covering, with increase in net OI by 4395 contracts, includes 30560 longs to 25315 shorts for the day.
  • FII’s Index future open contract as on date is 405113 Longs to 74662 Shorts, Net long 330451 contracts.
  • Initial support still at 8800, with OI of 47.55 lacs and below that at 8700 with OI of 45.13 lacs.
  • Initial resistance at 8900, with OI of 51.02 lacs and above that at 9000 with OI of 66.65 lacs.
  • Day Range as per Option Table is 8784 - 8900 and as per VIX is 8770 - 8893 with 8846 as the Pivot.
India VIX : 13.25 down by 0.09 points
Call OI : 37354125
Put OI : 49719750
PCR OI : 1.3310
SMR : 9.95 (Bullish : Though the index closed in red, the OI table stays strong going into expiry week with huge support at 8700-8600 range, resistance still at 8900-9000...)

Thursday, September 22, 2016

Option Open Interest for 22-09-2016

Inference
The index opened huge gap-up and stayed positive to close at 8867.45, huge gain of 90.30 points. The broader market was strong with 1079 advances to 536 declines. Range stays at 8600-9000.
  • Call option 9000 added 1.76 lacs OI with short covering at 8800 and below strike prices.
  • Put option 8900-8900 added 11.96 lacs OI with profit booking at 8700 and below strike prices.
  • Nifty Open Interest is at 3,22,29,750 down by 1,94,775, with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 21,27,480 down by 18,640, with increase in price, probably short covering.
  • FII’s sold 3512 contracts of Index Futures, which includes net 2694 contracts long liquidation and 818 contracts short build-up, with decrease in net OI by 1876 contracts, includes 45172 longs to 48684 shorts for the day.
  • FII’s Index future open contract as on date is 400293 Longs to 75087 Shorts, Net long 325206 contracts.
  • Initial support at 8800, with OI of 52.80 lacs and below that at 8700 with OI of 47.77 lacs.
  • Initial resistance at 8900, with OI of 51.70 lacs and above that at 9000 with OI of 65.03 lacs.
  • Day Range as per Option Table is 8807 - 8926 and as per VIX is 8806 - 8929 with 8866 as the Pivot.
India VIX : 13.34 down by 1.50 points
Call OI : 38352525
Put OI : 51442950
PCR OI : 1.3413
SMR : 9.95 (Bullish : Great day for the Bulls, but need a follow up action on Friday for an expiry around 9000, or else the rally may fizzle out for an expiry near the lower range...)


Wednesday, September 21, 2016

Option Open Interest for 21-09-2016

Inference
The index opened positive and went up to the touch the highs at 8827 but profit booking saw it close flat at 8777.15, small gain of 1.25 points. The broader market was positive with 832 advances to 799 declines. Range stays at 8600-9000.
  • Call option 8700-9100 added 13.39 lacs OI with profit booking at 9200 and above strike price.
  • Put option 9000-8500 added 13.67 lacs OI with profit booking at 8400 strike price.
  • Nifty Open Interest is at 3,24,24,525 up by 1,31,325, with no change in price, probably long build-up.
  • Bank Nifty Open Interest is at 21,54,880 up by 18,640, with decrease in price, probably short build-up.
  • FII’s bought 6360 contracts of Index Futures, which includes net 5618 contracts long build-up and 742 contracts short covering, with increase in net OI by 4876 contracts, includes 30230 longs to 23870 shorts for the day.
  • FII’s Index future open contract as on date is 402987 Longs to 74269 Shorts, Net long 328718 contracts.
  • Initial support at 8700, with OI of 53.88 lacs and below that at 8600 with OI of 62.01 lacs.
  • Initial resistance at 8900, with OI of 55.57 lacs and above that at 9000 with OI of 63.26 lacs.
  • Day Range as per Option Table is 8728 - 8841 and as per VIX is 8709 - 8845 with 8787 as the Pivot.
India VIX : 14.81 up by 0.03 points
Call OI : 40435575
Put OI : 51244650
PCR OI : 1.2673
SMR : 11.69 (Neutral to Bullish : The index is perfectly poised at 8800 level with OI evenly matched, a decisive move possible in the next few days, though range stays 8500-9000...)


Tuesday, September 20, 2016

Option Open Interest for 20-09-2016

Inference
The index opened positive but saw profit booking from the onset to close at 8775.90, loss of 32.50 points. The broader market was weak with 614 advances to 996 declines. Range at 8500-9000.
  • Call option 8800, 9000 added 8.90 lacs OI with profit booking at 8900 and above strike price.
  • Put option 8800, 8600-8500 added 7.44 lacs OI with short covering at 8900 and higher strike prices.
  • Nifty Open Interest is at 3,22,93,200 down by 1,23,900, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 21,36,240 down by 45,200, with decrease in price, probably long liquidation.
  • FII’s sold 1617 contracts of Index Futures, which includes net 492 contracts long build-up and 2109 contracts short build-up, with increase in net OI by 2601 contracts, includes 19092 longs to 20709 shorts for the day.
  • FII’s Index future open contract as on date is 397369 Longs to 75011 Shorts, Net long 322358 contracts.
  • Initial support at 8700, with OI of 48.13 lacs and below that at 8600 with OI of 60.91 lacs.
  • Initial resistance at 8900, with OI of 51.45 lacs and above that at 9000 with OI of 58.48 lacs.
  • Day Range as per Option Table is 8725 - 8839 and as per VIX is 8708 - 8844 with 8784 as the Pivot.
India VIX : 14.78 down by 0.16 points
Call OI : 39536550
Put OI : 48800325
PCR OI : 1.2343
SMR : 11.97 (Neutral to Bullish : Though closed in red, but not much of weakness in OI table, with strong support around 8700-8600 range, upside ceiling around 9000...)


Monday, September 19, 2016

Option Open Interest for 19-09-2016

Inference
The index opened flat but saw buying interest from the onset to close above 8800 at 8808.40, gain of 28.55 points. The broader market was positive with 856 advances to 755 declines. Range stays at 8600-9000.
  • Call option 8900 added 1.78 lacs OI with short covering at 8700 and below strike price.
  • Put option 8800-8700, 8500 added 12.69 lacs OI with profit booking at 8600 strike price.
  • Nifty Open Interest is at 3,24,17,100 up by 2,88,975, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 21,81,440 down by 23,800, with increase in price, probably short covering.
  • FII’s sold 6280 contracts of Index Futures, which includes net 461 contracts long build-up and 6741 contracts short build-up, with increase in net OI by 7202 contracts, includes 15401 longs to 21681 shorts for the day.
  • FII’s Index future open contract as on date is 396877 Longs to 72902 Shorts, Net long 323975 contracts.
  • Initial support at 8800, with OI of 41.54 lacs and below that at 8700 with OI of 50.86 lacs.
  • Initial resistance at 8900, with OI of 53.30 lacs and above that at 9000 with OI of 52.14 lacs.
  • Day Range as per Option Table is 8744 - 8864 and as per VIX is 8740 - 8877 with 8802 as the Pivot.
India VIX : 14.94 up by 0.36 points
Call OI : 39004350
Put OI : 49291425
PCR OI : 1.2637
SMR : 11.82 (Bullish : The OI table stays strong with major support now around 8600, resistance starts from 8900, still within the range of 8600-9000...)

Sunday, September 18, 2016

Option Open Interest for 16-09-2016

Inference
The index opened strong around 8781 and went up to touch the highs of the day at 8848, only to see huge profit booking to close at 8779.85, gain of 37.30 points. The broader market though was negative with 747 advances to 875 declines. Range stays at 8500-9000.
  • Call option 8900, 9100 added 4.34 lacs OI with short covering at 8800 and below strike price.
  • Put option 8900-8600 added 12.69 lacs OI with profit booking at 8500 and below strike prices.
  • Nifty Open Interest is at 3,21,28,125 up by 80,925, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 22,05,240 down by 50,880, with not much change in price, probably long liquidation/short covering.
  • FII’s bought 6247 contracts of Index Futures, which includes net 4854 contracts long build-up and 1393 contracts short covering, with increase in net OI by 3461 contracts, includes 40700 longs to 34453 shorts for the day.
  • FII’s Index future open contract as on date is 396416 Longs to 66161 Shorts, Net long 330255 contracts.
  • Initial support still at 8700, with OI of 47.89 lacs and below that at 8600 with OI of 60.38 lacs.
  • Initial resistance at 8900, with OI of 51.52 lacs and above that at 9000 with OI of 52.48 lacs.
  • Day Range as per Option Table is 8728 - 8852 and as per VIX is 8713 - 8847 with 8793 as the Pivot.
India VIX : 14.58 down by 0.10 points
Call OI : 39088650
Put OI : 47737350
PCR OI : 1.2213
SMR : 11.94 (Neutral to Bullish : The index has entered into a range of 8600-9000 till expiry with Neutral bias, Sell on rise and Buy on Dips...)


Thursday, September 15, 2016

Option Open Interest for 15-09-2016

Inference
The index opened positive at 8744 and saw some profit booking, but closed in green at 8742.55, gain of 15.95 points. The broader market was positive with 854 advances to 741 declines. Range now at 8500-9000.
  • Call option 8700-8900, 9100-9400 added 12.44 lacs OI with profit booking at 9000 strike price.
  • Put option 8700-8400 added 8.75 lacs OI with profit booking at 8300 and below strike prices.
  • Nifty Open Interest is at 3,20,47,200 down by 5,77,050, with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 22,56,120 down by 39,360, with decrease in price, probably long liquidation.
  • FII’s sold 9150 contracts of Index Futures, which includes net 7094 contracts long liquidation and 2056 contracts short build-up, with decrease in net OI by 5038 contracts, includes 16791 longs to 25941 shorts for the day.
  • FII’s Index future open contract as on date is 391562 Longs to 67554 Shorts, Net long 324008 contracts.
  • Initial support still at 8700, with OI of 46.09 lacs and below that at 8600 with OI of 58.19 lacs.
  • Initial resistance at 8800, with OI of 44.14 lacs and above that at 8900 with OI of 49.43 lacs.
  • Day Range as per Option Table is 8672 - 8799 and as per VIX is 8675 - 8810 with 8733 as the Pivot.
India VIX : 14.68 down by 0.08 points
Call OI : 40451400
Put OI : 46539375
PCR OI : 1.1505
SMR : 12.76 (Neutral : The Bears for the last 2 days unable to take control, staying above 7716NS, the Bulls may stage a comeback, but strong resistance now at 8900-9000 range...)


Wednesday, September 14, 2016

Option Open Interest for 14-09-2016

Inference
The index opened flat at 8711 and stayed in a narrow range but closed in green at 8726.60, gain of 11.00 points. The broader market was strong with 1092 advances to 531 declines. Range now at 8500-9000.
  • Call option 8700-8800, 9000, 9200-9300 added 12.97 lacs OI with profit booking at 8900, 9100 and above strike prices.
  • Put option 8500-8200 added 11.21 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 3,26,24,250 down by 1,82,775, with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 22,95,480 down by 22,960, with increase in price, probably short covering.
  • FII’s sold 9001 contracts of Index Futures, which includes net 2045 contracts long liquidation and 6956 contracts short build-up, with increase in net OI by 4911 contracts, includes 21969 longs to 30970 shorts for the day.
  • FII’s Index future open contract as on date is 398656 Longs to 65498 Shorts, Net long 333158 contracts.
  • Initial support stays at 8700, with OI of 40.80 lacs and below that at 8600 with OI of 56.66 lacs.
  • Initial resistance at 8800, with OI of 43.76 lacs and above that at 8900 with OI of 45.54 lacs.
  • Day Range as per Option Table is 8657 - 8787 and as per VIX is 8659 - 8794 with 8718 as the Pivot.
India VIX : 14.75 down by 0.48 points
Call OI : 39024450
Put OI : 45957075
PCR OI : 1.1776
SMR : 12.53 (Neutral : Not much change in OI table with range staying the same at 8500-9000, but strong resistance has come up around the 8900-9000 range...)


Tuesday, September 13, 2016

Option Open Interest for 12-09-2016

Inference
The index opened weak around 8733 and stayed weak closing near the lows of the day at 8715.60, huge loss of 151.10 points. The broader market was weak with 249 advances to 1375 declines. Range now at 8500-9000.
  • Call option 8600-8900 added 29.69 lacs OI with profit booking at 9000 and above strike prices.
  • Put option 8500, 8300-8200 added 6.71 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 3,28,07,025 down by 6,28,575, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 23,18,440 down by 4,13,840, with decrease in price, probably huge long liquidation.
  • FII’s sold 9959 contracts of Index Futures, which includes net 3482 contracts long liquidation and 6477 contracts short build-up, with increase in net OI by 2995 contracts, includes 46868 longs to 56827 shorts for the day.
  • FII’s Index future open contract as on date is 400701 Longs to 58542 Shorts, Net long 342159 contracts.
  • Initial support now at 8700, with OI of 44.47 lacs and below that at 8600 with OI of 57.58 lacs.
  • Initial resistance at 8800, with OI of 38.49 lacs and above that at 8900 with OI of 46.04 lacs.
  • Day Range as per Option Table is 8652 - 8788 and as per VIX is 8646 - 8785 with 8721 as the Pivot.
India VIX : 15.24 up by 2.01 points
Call OI : 38169225
Put OI : 45496875
PCR OI : 1.1920
SMR : 12.79 (Bearish : Bears have made sure that it won’t be an easy ride for 9000 from hereon with stron resistance coming up at 8900-9000 range, best support at 8600...)