Thursday, October 13, 2016

Option Open Interest for 13-10-2016

Inference
The index opened weak and stayed weak for the entire session breaking one support after another to close near the lows at 8573.35, huge loss of 135.45 points. The broader market was weak with 352 advances to 1293 declines. Range stays at 8500-9000.
  • Call option 8500-8800 added huge 32.97 lacs OI with profit booking at 8900 and above strike prices.
  • Put option 8500-8000 added 22.69 lacs OI with short covering at 8600 and above strike prices.
  • Nifty Open Interest is at 1,98,03,150 down by 14,36,925 with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 23,97,880 up by 2,60,880 with decrease in price, probably huge short build-up.
  • FII’s sold huge 36342 contracts of Index Futures, which includes net 35935 contracts long liquidation and 407 contracts short build-up, with decrease in net OI by 35528 contracts, includes 25543 longs to 61885 shorts for the day.
  • FII’s Index future open contract as on date is 187420 Longs to 45905 Shorts, Net long 141515 contracts.
  • Initial and best support at 8500 with OI of 48.16 lacs and below that at 8400 with OI of 32.80 lacs.
  • Initial resistance at 8600 with huge OI addition of 15.91 lacs and above that at 8700 with OI of 36.53 lacs.
  • Day Range as per Option Table is 8524 - 8662 and as per VIX is 8504 - 8643 with 8599 as the Pivot.
India VIX : 15.43 up by 1.14 points
Call OI : 39135825
Put OI : 36536550
PCR OI : 0.9336
SMR : 16.53 (Bearish : Breakdown did happen with huge volume, upside as per OI for the series now sealed at 8800, with best support around 8500...)