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...)