Sunday, October 2, 2016

Option Open Interest for 30-09-2016

Inference
The index opened flat to negative but saw buyers at lower price and closed positive for the day at 8611.15, gain of 19.90 points. The broader market was strong with 1341 advances to 292 declines. Range at the start of series 8400-9000.
  • Call option 8400-9300 added huge 34.51 lacs OI.
  • Put option 8600-8000 added 27.80 lacs OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 2,28,31,200 down by 9,92,400 with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 19,50,040 up by 72,040 with increase in price, probably long build-up.
  • FII’s sold 21846 contracts of Index Futures, which includes net 21619 contracts long liquidation and 227 contracts short build-up, with decrease in net OI by 21392 contracts, includes 27542 longs to 49388 shorts for the day.
  • FII’s Index future open contract as on date is 223472 Longs to 34590 Shorts, Net long 188882 contracts.
  • Initial support at 8600 with OI of 31.05 lacs and below that at 8500 with OI of 35.71 lacs.
  • Initial resistance at 8700 with OI of 19.99 lacs and above that at 8800 with OI of 25.45 lacs.
  • Day Range as per Option Table is 8531 - 8680 and as per VIX is 8534 - 8689 with 8601 as the Pivot.
India VIX : 17.18 down by 1.27 points
Call OI : 31148325
Put OI : 30391050
PCR OI : 0.9757
SMR : 17.61 (Bearish : After the huge drubbing on Expiry, the index closed positive but the Option Table stays weak with PCR below 1, support range 8600-8500...)