Monday, August 4, 2014

Option Open Interest for 04-08-2014

Inference
The index opened strong around 7640 and saw the Buyers back in action with small sell-off been grabbed with both hands. The index closed near the highs of the day at 7683.65, a huge gain of 81.65 points. The broader market was also very strong, with 1061 advances to 469 declines. Range for the time being at 7300-8000.
  • Call option 7700-8000 added huge 12.59 lacs OI with profit booking seen at 8100 and above strike prices.
  • Put option 7800-7200 added huge 40.94 lacs OI with profit booking seen at 7100 and below strike price.
  • Nifty Open Interest is at 1,27,49,700 up by 2,75,850, lacs with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 13,28,375 down by 22,675, with increase in price, most probably short covering.
  • FII’s bought 3.75 lacs Futures, which includes 9177 contracts long build-up and 1685 contracts short addition, with increase in net OI by 7492 contracts (includes 47810 longs to 40318 shorts for the day) and the average price per contract comes to around 7711.45.
  • FII’s Index future open contract as on date is 176095 Longs to 82498 Shorts.
  • PCR Open Interest (Volume) has moved up to 1.120.
  • Initial support getting better at 7600, with huge OI of 50.35 lacs, whereas best support at 7300 with highest OI of 59.19 lacs.
  • Initial resistance still at 7700, with OI of 30.59 lacs, whereas best resistance still at 8000 with OI of 50.19 lacs.
  • Day Range as per Option Table is 7606 - 7739 and as per VIX is 7624 - 7743 with 7667 as the Pivot.
Option Call for 05-08-2014
Buy Nifty 7700CE above 118 for targets of 130, 143 SL - 109
Buy Nifty 7700PE above 115 for targets of 131, 159 SL - 109

India VIX : 14.82 down by 0.40 points
Call OI : 28180900
Put OI : 31566550
PCR OI : 1.120
SMR : 13.23 (Neutral: The Bulls are back on track with huge addition at 7600 level and now it seems like a good initial support, whereas not much resistance till 8000...)

No comments:

Post a Comment