Sunday, October 23, 2016

Option Open Interest for 21-10-2016




Inference
The index opened positive but profit booking saw the index dip towards 8650 but close flat at 8693.05, loss of 6.35 points. The broader market was positive with 840 advances to 804 declines. Range stays at 8500-8800.
  • Call option 8800-8900 added 4.49 lacs OI with short covering at 8700 and below strike prices.
  • Put option 8700, 8400-8300 added 4.39 lacs OI with profit booking at 8200 and below strike prices.
  • Nifty Open Interest is at 1,82,28,150 down by 3,90,225 whereas Nov series added 4.68 lacs OI with no change in price, probably 100% roll-over with long build-up.
  • Bank Nifty Open Interest is at 18,42,480 down by 53,600 whereas Nov series added 0.37 lacs OI with increase in price, probably long roll-over with short covering.
  • FII’s bought 872 contracts of Index Futures, which includes net 618 contracts long build-up and 254 contracts short covering, with increase in net OI by 364 contracts, includes 16477 longs to 15605 shorts for the day.
  • FII’s Index future open contract as on date is 184968 Longs to 73601 Shorts, Net long 111367 contracts.
  • Initial and best support at 8600 with OI of 55.05 lacs and below that at 8500 with OI of 53.30 lacs.
  • Initial resistance at 8800 with OI of 54.14 lacs and above that at 8900 with OI of 36.61 lacs.
  • Day Range as per Option Table is 8621 - 8752 and as per VIX is 8630 - 8756 with 8685 as the Pivot.
India VIX : 13.83 down by 0.34 points
Call OI : 38206350
Put OI : 39191100
PCR OI : 1.0258
SMR : 13.48 (Bullish : Still within the range of 8600-8800 with Neutral bias, could remain so for the next few days till expiry...)