Wednesday, October 19, 2016

Option Open Interest for 19-10-2016




Inference
The index opened positive around 8700 but saw profit booking to close weak at 8659.10, loss of 18.80 points. The broader market though was positive with 942 advances to 701 declines. Range stays at 8500-8800.
  • Call option 8700-8900 added 4.85 lacs OI with profit booking at 9000 and above strike prices.
  • Put option 8700-8600 added 4.93 lacs OI with profit booking at 8500 and below strike prices.
  • Nifty Open Interest is at 1,79,73,075 down by 4,50,750 with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 18,93,520 down by 63,640 with decrease in price, probably long liquidation.
  • FII’s sold 1756 contracts of Index Futures, which includes net 625 contracts long liquidation and 1131 contracts short build-up, with increase in net OI by 506 contracts, includes 13843 longs to 15599 shorts for the day.
  • FII’s Index future open contract as on date is 168994 Longs to 53103 Shorts, Net long 115891 contracts.
  • Initial support at 8600 with OI of 49.31 lacs and below that at 8500 with OI of 49.39 lacs.
  • Initial resistance at 8700 with OI of 38.78 lacs and above that at 8800 with OI of 55.18 lacs.
  • Day Range as per Option Table is 8592 - 8734 and as per VIX is 8593 - 8725 with 8665 as the Pivot.
India VIX : 14.61 up by 0.07 points
Call OI : 39797250
Put OI : 37630275
PCR OI : 0.9455
SMR : 15.45 (Bullish to Neutral : No follow-up by the Bulls, with the highs being sold with ease, the index for the time being is locked between 8600-8800 range...)