Thursday, October 6, 2016

Option Open Interest for 06-10-2016


Inference
The index opened strong and stayed in a narrow but saw huge profit booking to close weak at 8709.55, loss of 34.40 points. The broader market was weak with 625 advances to 1013 declines. Range stays at 8500-9000.
  • Call option 8700-9100 added 9.02 lacs OI with profit booking at 9200 strike price.
  • Put option 8700, 8500-8000 added 5.11 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 2,20,88,550 down by 2,07,825 with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 20,58,480 up by 98,240 with decrease in price, probably short build-up.
  • FII’s sold 152 contracts of Index Futures, which includes net 1503 contracts long build-up and 1655 contracts short build-up, with increase in net OI by 3158 contracts, includes 16961 longs to 17113 shorts for the day.
  • FII’s Index future open contract as on date is 235739 Longs to 41740 Shorts, Net long 193999 contracts.
  • Initial support still at 8700 with OI of 40.34 lacs and below that at 8600 with OI of 42.70 lacs.
  • Initial resistance at 8800 with OI of 36.32 lacs and above that at 8900 with OI of 33.42 lacs.
  • Day Range as per Option Table is 8652 - 8790 and as per VIX is 8642 - 8777 with 8725 as the Pivot.
India VIX : 14.84 down by 0.09 points
Call OI : 35667000
Put OI : 36820725
PCR OI : 1.0323
SMR : 14.38 (Bearish to Neutral : Though the index is closing in red for the last 2 days, but the OI table still stays Neutral with immediate support at 8700, resistance for the series at 9000...)