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...)