Thursday, October 20, 2016

Option Open Interest for 20-10-2016




Inference
The index opened strong and stayed positive for the entire session of trade and close just shy of 8700 at 8699.40, gain of 40.30 points. The broader market was positive with 961 advances to 682 declines. Range stays at 8500-8800.
  • Call option 8700, 9100 added 2.86 lacs OI with short covering at 8600 and below strike prices.
  • Put option 8700-8500 added 19.15 lacs OI with profit booking at 8400 and below strike prices.
  • Nifty Open Interest is at 1,86,18,375 up by 6,45,300 whereas Nov series added 5.12 lacs OI with increase in price, probably long build-up in both series.
  • Bank Nifty Open Interest is at 18,96,080 up by 2,560 whereas Nov series added 0.78 lacs OI with increase in price, probably long build-up in both series.
  • FII’s sold 5396 contracts of Index Futures, which includes net 15356 contracts long build-up and 20752 contracts short build-up, with increase in net OI by 36108 contracts, includes 30478 longs to 35874 shorts for the day.
  • FII’s Index future open contract as on date is 184350 Longs to 73855 Shorts, Net long 110495 contracts.
  • Initial and best support at 8600 with OI of 55.15 lacs and below that at 8500 with OI of 53.88 lacs.
  • Initial resistance at 8800 with OI of 52.72 lacs and above that at 8900 with OI of 33.54 lacs.
  • Day Range as per Option Table is 8632 - 8770 and as per VIX is 8635 - 8764 with 8702 as the Pivot.
India VIX : 14.17 down by 0.44 points
Call OI : 38688450
Put OI : 38551425
PCR OI : 0.9965
SMR : 14.22 (Bullish : Bulls had a belated follow-up action, with index now around the exact middle of the 8600-8800 range, break can give 100 points with ease...)