Thursday, October 27, 2016

Option Open Interest for 27-10-2016

Inference
The index opened flat and went down to touch the lows at 8550, but support level buying saw the index close flat at 8615.25. The broader market was weak with 545 advances to 1086 declines. Range at the start of series at 8500-9000.
  • Call option 8200-9000 added 32.78 lacs OI with profit booking at 9100 and above strike prices.
  • Put option 9000-8000 added 46.37 lacs OI.
  • Nifty Open Interest is at 1,79,64,675 up by 56,68,800 with no change in price, probably 100% roll-over with huge long/short build-up.
  • Bank Nifty Open Interest is at 15,59,720 up by 5,08,360 with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s bought 12615 contracts of Index Futures, which includes net 30938 contracts long liquidation and 53817 contracts short covering, with decrease in net OI by 84755 contracts, includes 81112 longs to 68497 shorts for the day.
  • FII’s Index future open contract as on date is 163277 Longs to 42756 Shorts, Net long 120521 contracts.
  • Initial support at 8500 with OI of 28.01 lacs and below that at 8500 with highest OI of 32.15 lacs.
  • Initial resistance at 8700 with OI of 18.30 lacs and above that at 8800 with OI of 22.20 lacs.
  • Day Range as per Option Table is 8543 - 8665 and as per VIX is 8552 - 8679 with 8597 as the Pivot.
India VIX : 14.09 down by 0.36 points
Call OI : 26021550
Put OI : 25403400
PCR OI : 0.9762
SMR : 14.43 (Bearish : New series opens with a slight Bearish note within range of 8500-9000, holding today’s low is important for the Bulls to stay in the race...)