Wednesday, October 12, 2016

Option Open Interest for 10-10-2016

Inference
The index opened positive but saw profit booking from higher levels but still closed in green at 8708.80, gain of 11.20 points. The broader market was positive with 952 advances to 685 declines. Range stays at 8500-9000.
  • Call option 8800-9000 added 10.66 lacs OI with profit booking at 9100 and above strike prices.
  • Put option 8700-8500 added 5.90 lacs OI with profit booking at 8400 and below strike prices.
  • Nifty Open Interest is at 2,12,40,075 down by 1,76,250 with increase in price, probably long liquidation.
  • Bank Nifty Open Interest is at 21,37,000 up by 72,040 with decrease in price, probably short build-up.
  • FII’s sold 2322 contracts of Index Futures, which includes net 961 contracts long liquidation and 1361 contracts short build-up, with increase in net OI by 400 contracts, includes 11027 longs to 13349 shorts for the day.
  • FII’s Index future open contract as on date is 223355 Longs to 45498 Shorts, Net long 177857 contracts.
  • Initial support still at 8700 with OI of 38.14 lacs and below that at 8600 with OI of 43.83 lacs.
  • Initial resistance at 8800 with OI of 40.10 lacs and above that at 8900 with OI of 37.57 lacs.
  • Day Range as per Option Table is 8655 - 8781 and as per VIX is 8644 - 8774 with 8720 as the Pivot.
India VIX : 14.29 down by 0.20 points
Call OI : 36329100
Put OI : 36386400
PCR OI : 1.0016
SMR : 14.27 (Bearish to Neutral : Still within the 8700-8800 bracket, a breakdown/breakout is eminent in the next few days, but may stay within the 8500-9000 range...)