Monday, October 17, 2016

Option Open Interest for 17-10-2016




Inference
The index opened positive but saw huge selling pressure from the onset to close near the lows at 8520.40, loss of 63.00 points. The broader market was weak with 675 advances to 973 declines. Range has moved lower at 8400-8800.
  • Call option 8500-9100 added huge 35.31 lacs OI with profit booking at 9200 and above strike prices.
  • Put option 8400-8300 added 4.00 lacs OI with short covering at 8600 and above strike prices.
  • Nifty Open Interest is at 1,87,59,150 down by 4,86,825 with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 21,48,120 down by 2,00,640 with increase in price, probably short covering.
  • FII’s sold huge 16041 contracts of Index Futures, which includes net 17823 contracts long liquidation and 1782 contracts short covering, with decrease in net OI by 19605 contracts, includes 28573 longs to 44614 shorts for the day.
  • FII’s Index future open contract as on date is 170571 Longs to 43994 Shorts, Net long 126577 contracts.
  • Initial and best support still at 8500 with OI of 49.17 lacs and below that at 8400 with OI of 36.73 lacs.
  • Initial resistance at 8600 with OI of 48.09 lacs and above that at 8700 with OI of 45.54 lacs.
  • Day Range as per Option Table is 8474 - 8608 and as per VIX is 8451 - 8590 with 8547 as the Pivot.
India VIX : 15.66 up by 0.77 points
Call OI : 44748675
Put OI : 36465975
PCR OI : 0.8149
SMR : 19.22 (Bearish : A pause followed by another biggie, but has reached the best support level of the series and downside if any will be laboured from hereon...)