Tuesday, October 18, 2016

Option Open Interest for 18-10-2016




Inference
The index opened positive and stayed positive for the entire session making new highs with each passing hour to close near the top at 8677.90, huge gain of 157.50 points. The broader market was also strong with 1216 advances to 432 declines. Range now at 8500-8800.
  • Call did not add any OI with short covering at 8700 and lower strike prices.
  • Put option 8700-8400 added 20.64 lacs OI with profit booking at 8300 and below strike prices.
  • Nifty Open Interest is at 1,84,23,825 down by 3,35,325 with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 19,57,160 down by 1,90,960 with increase in price, probably short covering.
  • FII’s sold 8930 contracts of Index Futures, which includes net 952 contracts long liquidation and 7978 contracts short build-up, with increase in net OI by 7026 contracts, includes 33350 longs to 42280 shorts for the day.
  • FII’s Index future open contract as on date is 169619 Longs to 51972 Shorts, Net long 117647 contracts.
  • Initial support at 8600 with OI of 46.10 lacs and below that at 8500 with OI of 49.87 lacs.
  • Initial resistance at 8700 with OI of 37.34 lacs and above that at 8800 with OI of 53.31 lacs.
  • Day Range as per Option Table is 8574 - 8724 and as per VIX is 8612 - 8744 with 8640 as the Pivot.
India VIX : 14.54 down by 1.12 points
Call OI : 39652275
Put OI : 37877625
PCR OI : 0.9552
SMR : 15.22 (Bullish : Great comeback by the Bulls, but a follow-up action needed or else Bears may be back with ease, upside resistance around 8800...)