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...)