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...)