Monday, April 25, 2016

Option Open Interest for 25-04-2016

Inference
The index opened flat to negative but saw profit booking from the onset to move to the lows of the day around 7827 but value buying saw the index close just above at 7855.05, loss of 44.25 points. The broader market was weak with 564 advances to 1007 declines. The range till expiry comes to 7700-8000.
  • Call option 7800-8000 added 19.00 lacs OI with profit booking seen at 8100 and above strike prices.
  • Put option 7700, 7400 added 12.53 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 1,40,05,650 down by 16,80,150, whereas May series added 17.38 lacs with decrease in price, most probably 100% roll-over with small short build-up.
  • Bank Nifty Open Interest is at 18,01,650 down by 1,01,310, whereas May series added 1.28 lacs with decrease in price, most probably 100% roll-over with small short build-up.
  • FII’s sold 406 contracts of Index Futures, which includes net 4497 contracts long build-up and 4903 contracts short build-up, with increase in net OI by 9400 contracts, includes 46571 longs to 46977 shorts for the day.
  • FII’s Index future open contract as on date is 185952 Longs to 86655 Shorts, Net 99297 down by 406 contracts.
  • Initial and best support at 7800, with OI of 63.77 lacs and below that at 7700 with OI of 58.56 lacs.
  • Initial resistance at 7900, with OI of 57.30 lacs and above that at 8000 with highest OI of 77.50 lacs.
  • Day Range as per Option Table is 7799 - 7926 and as per VIX is 7787 - 7923 with 7864 as the Pivot.
India VIX : 16.57 up by 0.19 points
Call OI : 41957925
Put OI : 49811925
PCR OI : 1.187
SMR : 13.96 (Bullish : The index has gone sideways moving into expiry week, within a range of 7700-8000, upside strong resistance coming up at 7900...)


Saturday, April 23, 2016

Option Open Interest for 22-04-2016

Inference
The index opened weak below 7900 and stayed in a narrow range of 50 points mostly wit a negative bias and closed in red at 7899.30, small loss of 12.75 points. The broader market was negative with 754 advances to 781 declines. The range for series is at 7500-8100.
  • Call option 8100 added 12.03 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7900-7800 added 3.63 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 1,56,85,800 down by 2,85,675, with small decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 19,02,960 down by 3,000, with increase in price, most probably small short covering.
  • FII’s bought 9726 contracts of Index Futures, which includes net 5884 contracts long build-up and 3842 contracts short covering, with increase in net OI by 2042 contracts, includes 35430 longs to 25704 shorts for the day.
  • FII’s Index future open contract as on date is 181455 Longs to 81752 Shorts, Net 99703 up by 9726 contracts.
  • Initial and best support at 7800, with OI of 66.10 lacs and below that at 7700 with OI of 47.68 lacs.
  • Initial and best resistance at 8000, with highest OI of 73.38 lacs and above that at 8100 with OI of 69.78 lacs.
  • Day Range as per Option Table is 7833 - 7964 and as per VIX is 7832 - 7967 with 7899 as the Pivot.
India VIX : 16.38 down by 0.13 points
Call OI : 42713925
Put OI : 50088300
PCR OI : 1.173
SMR : 13.97 (Bullish : The index may stay sideways till expiry within the 7800-8000 range, with small edge to the Bulls, weakness staying below 7859NF...)


Thursday, April 21, 2016

Option Open Interest for 21-04-2016

Inference
The index opened strong at 7953 and after making an initial high of 7978 saw some profit booking to close flat at 7912.05, small loss of 2.70 points. The broader market was negative with 631 advances to 945 declines. The range for series is at 7500-8000.
  • Call option 8000-8400 added 12.57 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8000-7800, 7400 added 11.87 lacs OI with profit booking seen at 7700 and below strike prices.
  • Nifty Open Interest is at 1,59,71,475 down by 4,05,975, with small decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 19,05,960 up by 85,470, with increase in price, most probably huge long build-up.
  • FII’s sold 1538 contracts of Index Futures, which includes net 2786 contracts long build-up and 4324 contracts short build-up, with increase in net OI by 7110 contracts, includes 37064 longs to 38602 shorts for the day.
  • FII’s Index future open contract as on date is 175571 Longs to 85594 Shorts, Net 89977 down by 1538 contracts.
  • Initial and best support at 7800, with OI of 63.02 lacs and below that at 7700 with OI of 50.57 lacs.
  • Initial and best resistance at 8000, with highest OI of 75.03 lacs and above that at 8100 with OI of 57.76 lacs.
  • Day Range as per Option Table is 7851 - 7989 and as per VIX is 7844 - 7980 with 7925 as the Pivot.
India VIX : 16.51 down by 0.57 points
Call OI : 42665625
Put OI : 52062825
PCR OI : 1.220
SMR : 13.53 (Bullish : OI table range is being set at 7800-8000 till expiry, with bias still with the Bulls, weakness only on a sustained close below 7850...)

Wednesday, April 20, 2016

Option Open Interest for 20-04-2016

Inference
The index opened strong around 7950 but saw profit booking to the lows of the day at 7877, dip buying saw the index close flat at 7914.75, small gain of 0.05 points. The broader market was positive with 902 advances to 674 declines. The range for series is at 7500-8100.
  • Call option 7800, 8100-8200 added 13.46 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 8000-7700 added 16.90 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 1,63,77,450 up by 5,17,050, with no change in price, most probably long build-up.
  • Bank Nifty Open Interest is at 18,20,490 up by 1,47,300, with increase in price, most probably huge long build-up.
  • FII’s bought huge 22545 contracts of Index Futures, which includes net 17429 contracts long build-up and 5116 contracts short covering, with increase in net OI by 12313 contracts, includes 55772 longs to 33227 shorts for the day.
  • FII’s Index future open contract as on date is 172785 Longs to 81270 Shorts, Net 91515 up by 22545 contracts.
  • Initial support at 7900, with huge OI addition of 13.64 lacs and below that at 7800 with OI of 56.15 lacs.
  • Initial and best resistance at 8000, with highest OI of 68.10 lacs and above that at 8100 with OI of 57.21 lacs.
  • Day Range as per Option Table is 7843 - 7982 and as per VIX is 7844 - 7986 with 7914 as the Pivot.
India VIX : 17.08 up by 0.13 points
Call OI : 41746200
Put OI : 52215750
PCR OI : 1.251
SMR : 13.66 (Bullish : OI table stays strong with best support now at 7800, upside resistance only around the 8000-8100 band, still very much a buy on dips...)


Monday, April 18, 2016

Option Open Interest for 18-04-2016

Inference
The index opened strong above 7900 but saw profit booking to the lows of the day around 7843 within the first few minutes of trade. The responsive buyers took control from thereon and closed the index near the high at 7914.70, gain of 64.25 points. The broader market was strong with 886 advances to 684 declines. The range for series is at 7500-8000.
  • Call option 7900-8100 added 7.94 lacs OI with short covering seen at 7800 and below strike prices.
  • Put option 8000-7400 added huge 49.56 lacs OI with profit booking seen at 7300 and below strike prices.
  • Nifty Open Interest is at 1,58,60,400 down by 3,55,050, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 16,73,190 down by 48,390, with decrease in price, most probably long liquidation.
  • FII’s bought huge 10679 contracts of Index Futures, which includes net 3621 contracts long build-up and 7058 contracts short covering, with decrease in net OI by 3437 contracts, includes 40031 longs to 29352 shorts for the day.
  • FII’s Index future open contract as on date is 155356 Longs to 86386 Shorts, Net 68970 up by 10679 contracts.
  • Initial and best support at 7800, with OI of 55.59 lacs and below that at 7700 with OI of 51.44 lacs.
  • Initial and best resistance at 8000, with highest OI of 74.41 lacs and above that at 8100 with OI of 46.91 lacs.
  • Day Range as per Option Table is 7827 - 7969 and as per VIX is 7844 - 7985 with 7893 as the Pivot.
India VIX : 16.95 up by 0.91 points
Call OI : 41389575
Put OI : 50843400
PCR OI : 1.228
SMR : 13.80 (Bullish : Another strong close, OI table and the momentum points to a move towards 8000 in the next couple of days, downside support getting better at 7800...)


Saturday, April 16, 2016

Option Open Interest for 13-04-2016

Inference
The index opened strong around 7777 and scaled 7800 within the first few minutes and stayed strong to close near the highs of the day at 7850.45, huge gain of 141.50 points. The broader market was strong with 1029 advances to 524 declines. The range for series is at 7400-8000.
  • Call option 8100-8300 added 17.31 lacs OI with short covering seen at 7800 and below strike prices.
  • Put option 8000-7700 added huge 51.24 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 1,62,15,450 up by 13,45,950, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 17,21,580 up by 77,070, with increase in price, most probably huge long build-up.
  • FII’s bought huge 29263 contracts of Index Futures, which includes net 32538 contracts long build-up and 3275 contracts short build-up, with increase in net OI by 35813 contracts, includes 71400 longs to 42137 shorts for the day.
  • FII’s Index future open contract as on date is 151735 Longs to 93444 Shorts, Net 58291 up by 29263 contracts.
  • Initial support at 7800, with huge OI addition of 25.61 lacs and below that at 7700 with OI of 45.92 lacs.
  • Initial resistance at 7900, with OI of 50.44 lacs and above that at 8000 with OI of 72.34 lacs.
  • Day Range as per Option Table is 7760 - 7907 and as per VIX is 7785 - 7916 with 7829 as the Pivot.
India VIX : 16.04 up by 0.01 points
Call OI : 41597400
Put OI : 45769350
PCR OI : 1.100
SMR : 14.58 (Bullish : The OI table has turned green with PCR OI now at 1.1, resistance comes around 7900 and above, index has turned a buy on dips...)

Tuesday, April 12, 2016

Option Open Interest for 12-03-2016

Inference
The index opened flat but saw buying interest to move above 7700, a small dip saw the buyers back to close near the highs at 7708.95, gain of 37.55 points. The broader market was positive with 960 advances to 604 declines. The range for series is at 7400-7900.
  • Call option 7700, 7900 added 3.71 lacs OI with short covering seen at 7600 and below strike prices.
  • Put option 7800-7500, 7200-7000 added huge 31.75 lacs OI with profit booking seen at 7400-7300 strike prices.
  • Nifty Open Interest is at 1,48,69,500 down by 5,07,000, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 16,44,510 down by 91,890, with increase in price, most probably huge short covering.
  • FII’s bought 2494 contracts of Index Futures, which includes net 4808 contracts long liquidation and 7302 contracts short covering, with decrease in net OI by 12110 contracts, includes 30472 longs to 27978 shorts for the day.
  • FII’s Index future open contract as on date is 119197 Longs to 90169 Shorts, Net 29028 up by 2494 contracts.
  • Initial support at 7700, with huge OI addition of 14.59 lacs and below that at 7600 with OI of 46.52 lacs.
  • Initial resistance at 7800, with OI of 45.45 lacs and above that at 7900 with OI of 57.85 lacs.
  • Day Range as per Option Table is 7631 - 7768 and as per VIX is 7644 - 7774 with 7697 as the Pivot.
India VIX : 16.03 up by 0.02 points
Call OI : 44909625
Put OI : 40504650
PCR OI : 0.902
SMR : 17.77 (Bullish : The OI table has gained strength in the last 2 days with strong support coming up at 7600-7500 range, upside huge resistance starts from 7800 onwards...)


Monday, April 11, 2016

Option Open Interest for 11-04-2016

Inference
The index opened positive but saw profit booking to the lows of the day around 7517 where the responsive buyers took control to move the index back in green and eked out a strong close at 7671.40, huge gain of 116.20 points. The broader market was positive with 930 advances to 624 declines. The range for series is now at 7400-8000.
  • Call option 8000 added 0.22 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 7700-7400, 7200-7000 added huge 21.23 lacs OI with profit booking seen at 7300 strike price.
  • Nifty Open Interest is at 1,53,76,500 down by 3,15,000, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 17,36,400 down by 44,280, with increase in price, most probably short covering.
  • FII’s sold 371 contracts of Index Futures, which includes net 685 contracts long build-up and 1056 contracts short build-up, with increase in net OI by 1741 contracts, includes 29307 longs to 29678 shorts for the day.
  • FII’s Index future open contract as on date is 124005 Longs to 97471 Shorts, Net 26534 down by 371 contracts.
  • Initial support at 7600, with OI of 40.14 lacs and below that at 7500 with OI of 47.48 lacs.
  • Initial resistance though looking weak at 7700, with OI of 36.97 lacs and above that at 7800 with OI of 45.92 lacs.
  • Day Range as per Option Table is 7563 - 7706 and as per VIX is 7607 - 7736 with 7622 as the Pivot.
India VIX : 16.01 down by 0.42 points
Call OI : 45952125
Put OI : 38788800
PCR OI : 0.844
SMR : 18.97 (Bullish : The Index gave a strong close with huge short covering at most CE levels, a follow up action can see the OI table back in strength, holding above 7651NF is important...)


Friday, April 8, 2016

Option Open Interest for 08-04-2016

Inference
The index opened flat and stayed in a very narrow range of just 42.65 points but closed positive at 7555.20, small gain of 8.75 points. The broader market was positive with 954 advances to 590 declines. The range for series has expanded on the lower side at 7300-8000.
  • Call option 7600-8100 added 10.98 lacs OI with profit booking seen at 7900 and 8200 strike prices.
  • Put option 7300-7000 added 9.33 lacs OI with short covering seen at 7600 and above strike prices.
  • Nifty Open Interest is at 1,56,91,500 down by 43,200, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 17,80,680 up by 76,020, with increase in price, most probably long build-up.
  • FII’s sold huge 15315 contracts of Index Futures, which includes net 6229 contracts long liquidation and 9086 contracts short build-up, with increase in net OI by 2857 contracts, includes 31645 longs to 219735 shorts for the day.
  • FII’s Index future open contract as on date is 123320 Longs to 96415 Shorts, Net 26905 down by 15315 contracts.
  • Initial and best support at 7500, with OI of 47.34 lacs and below that at 7400 with OI of 41.97 lacs.
  • Initial resistance at 7600, with OI of 35.07 lacs and above that at 7700 with OI of 45.86 lacs.
  • Day Range as per Option Table is 7488 - 7617 and as per VIX is 7490 - 7620 with 7550 as the Pivot.
India VIX : 16.43 down by 0.51 points
Call OI : 48634500
Put OI : 36347550
PCR OI : 0.747
SMR : 21.99 (Bearish : The OI table stays weak with the PE writers covering huge around 7600-7500 range, upside resistance starts from 7700 onwards, stays a sell on rise...)

Thursday, April 7, 2016

Option Open Interest for 07-03-2016

Inference
The index opened positive around 7630 but saw huge selling from the onset and closed near the lows of the day at 7546.45, loss of 67.90 points. The broader market was negative with 617 advances to 922 declines. The range for series is at 7400-8000.
  • Call option 7600-7900 added 16.84 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7400-7300 added 4.85 lacs OI with short covering seen at 7600 and above strike prices.
  • Nifty Open Interest is at 1,57,34,700 down by 14,10,600, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 17,04,660 down by 60,690, with decrease in price, most probably long liquidation.
  • FII’s sold huge 25641 contracts of Index Futures, which includes net 23581 contracts long liquidation and 2060 contracts short build-up, with decrease in net OI by 21521 contracts, includes 21276 longs to 46917 shorts for the day.
  • FII’s Index future open contract as on date is 129549 Longs to 87329 Shorts, Net 42220 down by 25641 contracts.
  • Initial and best support at 7500, with OI of 51.51 lacs and below that at 7400 with OI of 42.48 lacs.
  • Initial resistance at 7600, with huge OI addition of 7.07 lacs and above that at 7700 with OI of 41.07 lacs.
  • Day Range as per Option Table is 7496 - 7637 and as per VIX is 7480 - 7613 with 7571 as the Pivot.
India VIX : 16.94 down by 0.41 points
Call OI : 47853675
Put OI : 36319950
PCR OI : 0.759
SMR : 22.32 (Bearish : The PE writers are feeling the heat with small liquidation seen at 7600-7500 range, upside for the time being capped around 7700, Sell on rise...)


Wednesday, April 6, 2016

Option Open Interest for 06-04-2016

Inference
The index opened positive around 7636 and stayed in a narrow range but mostly in the green and closed at 7614.35, small gain of 11.15 points. The broader market was strong with 1077 advances to 472 declines. The range is at 7500-8000.
  • Call option 7600-8300 added 38.25 lacs OI with small short covering seen at 7400 and below strike prices.
  • Put option 7800-7000 added 15.48 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,71,45,300 down by 7,00,725, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 17,65,350 down by 6,150, with decrease in price, most probably long liquidation.
  • FII’s sold huge 13149 contracts of Index Futures, which includes net 8957 contracts long liquidation and 4192 contracts short build-up, with decrease in net OI by 4765 contracts, includes 18908 longs to 32057 shorts for the day.
  • FII’s Index future open contract as on date is 153130 Longs to 85269 Shorts, Net 67861 down by 13149 contracts.
  • Initial support stays at 7600, with OI of 39.90 lacs and below that at 7500 with OI of 56.41 lacs.
  • Initial resistance at 7700, with OI of 34.61 lacs and above that at 7800 with OI of 47.69 lacs.
  • Day Range as per Option Table is 7545 - 7688 and as per VIX is 7543 - 7685 with 7615 as the Pivot.
India VIX : 17.35 down by 0.48 points
Call OI : 46416975
Put OI : 37076850
PCR OI : 0.799
SMR : 21.72 (Bearish : The CE writers had the better day with huge addition from 7600-8200 level, strong support only around 7500, Stays a sell on rise...)


Tuesday, April 5, 2016

Option Open Interest for 05-04-2016

Inference
The index opened weak by a few points but saw huge sell-off after RBI policy statement was announced to close near the lows of the day at 7603.20, huge loss of 155.60 points. The broader market was weak with 435 advances to 1122 declines. The range is at 7400-8000.
  • Call option 7500-8300 added huge 64.86 lacs OI with small short covering seen at 7400 and below strike prices.
  • Put option 7600-7300 added 25.13 lacs OI with short covering seen at 7700 and above strike prices.
  • Nifty Open Interest is at 1,78,46,025 down by 9,26,475, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 17,71,500 up by 1,33,710, with decrease in price, most probably huge short build-up.
  • FII’s sold huge 22208 contracts of Index Futures, which includes net 13638 contracts long liquidation and 8570 contracts short build-up, with decrease in net OI by 5068 contracts, includes 39032 longs to 61240 shorts for the day.
  • FII’s Index future open contract as on date is 162087 Longs to 81077 Shorts, Net 81010 down by 22208 contracts.
  • Initial support now at 7600, with OI of 39.59 lacs and below that at 7500 with OI of 50.18 lacs.
  • Initial resistance at 7700, with huge OI addition of 10.59 lacs and above that at 7800 with OI of 46.34 lacs.
  • Day Range as per Option Table is 7558 - 7709 and as per VIX is 7532 - 7674 with 7643 as the Pivot.
India VIX : 17.83 up by 0.38 points
Call OI : 42290100
Put OI : 35436300
PCR OI : 0.838
SMR : 21.28 (Bearish : The OI table has turned weak with 7800-8000 now a very strong resistance range, stable support only around 7500, Sell on rise...)

Monday, April 4, 2016

Option Open Interest for 04-03-2016

Inference
The index opened positive and stayed strong for the major part of the day with an only dip below the previous day’s close bought with ease. The index closed strong at 7758.80, gain of 45.75 points. The broader market was strong with 990 advances to 572 declines. The range is now at 7500-8000.
  • Call option 7700-8300 added 28.41 lacs OI with short covering seen at 7500 and below strike prices.
  • Put option 7900-7000 added 23.56 lacs OI with short covering seen at 8200 and above strike prices.
  • Nifty Open Interest is at 1,87,72,500 up by 2,59,800, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 16,37,790 down by 89,850, with increase in price, most probably huge short covering.
  • FII’s bought 1453 contracts of Index Futures, which includes net 5964 contracts long build-up and 4511 contracts short build-up, with increase in net OI by 10475 contracts, includes 20667 longs to 19214 shorts for the day.
  • FII’s Index future open contract as on date is 175725 Longs to 72507 Shorts, Net 103218 up by 1453 contracts.
  • Initial support at 7700, with OI of 27.02 lacs and below that at 7600 with OI of 34.15 lacs.
  • Initial resistance at 7800, with OI of 35.66 lacs and above that at 7900 with OI of 41.85 lacs.
  • Day Range as per Option Table is 7678 - 7817 and as per VIX is 7688 - 7830 with 7743 as the Pivot.
India VIX : 17.45 up by 0.17 points
Call OI : 35711325
Put OI : 34037850
PCR OI : 0.953
SMR : 18.31 (Bullish : The index still within the 7700-7800 range waiting for the all important RBI Governor statement for the next course of action, range for the month developing at 7500-8000...)