Tuesday, October 25, 2016

Option Open Interest for 25-10-2016

Inference
The index opened positive but was unable to sustain the highs and went on to the lows around 8663.45 but closed a bit higher at 8691.30, loss of 17.65 points. The broader market was negative with 679 advances to 952 declines. Range stays at 8500-8800.
  • Call option 8700-8900 added 9.66 lacs OI with profit booking at 9000 and above strike prices.
  • Put option 8500-8400 added 2.02 lacs OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 1,40,28,825 down by 25,69,200 whereas Nov series added 34.44 lacs OI with decrease in price, probably 100% roll-over with huge long liquidation.
  • Bank Nifty Open Interest is at 17,00,320 down by 1,21,720 whereas Nov series added 3.30 lacs OI with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s sold 11678 contracts of Index Futures, which includes net 3609 contracts long liquidation and 8069 contracts short build-up, with increase in net OI by 4460 contracts, includes 99004 longs to 110682 shorts for the day.
  • FII’s Index future open contract as on date is 190328 Longs to 87935 Shorts, Net long 102393 contracts.
  • Initial and best support at 8600 with OI of 56.07 lacs and below that at 8500 with OI of 54.04 lacs.
  • Initial resistance at 8800 with OI of 59.49 lacs and above that at 8900 with OI of 42.26 lacs.
  • Day Range as per Option Table is 8633 - 8752 and as per VIX is 8625 - 8757 with 8692 as the Pivot.
India VIX : 14.48 up by 0.15 points
Call OI : 37534275
Put OI : 38447100
PCR OI : 1.0243
SMR : 14.14 (Bullish : Frustrating day for market participants, as the index stay in a small range, probable expiry within the limits of 8600-8800 ...)