Sunday, October 16, 2016

Option Open Interest for 14-10-2016




Inference
The index opened flat to positive and stayed in a narrow range and closed just in green at 8583.40, gain of 10.05 points. The broader market was strong with 1037 advances to 575 declines. Range stays at 8500-9000.
  • Call option 8600-9300 added 18.68 lacs OI with short covering at 8300 and below strike prices.
  • Put option 8600-8000 added 18.05 lacs OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 1,92,45,975 down by 5,57,175 with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 23,48,760 down by 49,120 with increase in price, probably short covering.
  • FII’s bought 1103 contracts of Index Futures, which includes net 974 contracts long build-up and 129 contracts short covering, with increase in net OI by 845 contracts, includes 16985 longs to 15882 shorts for the day.
  • FII’s Index future open contract as on date is 188394 Longs to 45776 Shorts, Net long 142618 contracts.
  • Initial and best support at 8500 with OI of 54.01 lacs and below that at 8400 with OI of 34.51 lacs.
  • Initial resistance at 8700 with OI of 41.22 lacs and above that at 8800 with OI of 51.91 lacs.
  • Day Range as per Option Table is 8516 - 8648 and as per VIX is 8517 - 8650 with 8579 as the Pivot.
India VIX : 14.89 down by 0.54 points
Call OI : 40790400
Put OI : 37975725
PCR OI : 0.9310
SMR : 15.99 (Bearish : A dull day after the huge breakdown, consolidation range 8500-8800, and upside if any till the upper range will probably be sold...)