Monday, June 1, 2015

Option Open Interest for 01-06-2015

Inference
The Index opened weak but say buying interest to make a high of 8467. Profit booking from higher levels the index close flat at 8433.40, minuscule loss of 0.25 points. The broader market was negative, with 672 advances to 844 declines. The broader range as per Option Table stays at 8000-8800.
  • Call option 8500-9000 added huge 19.68 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8500-8000 added huge 11.40 lacs OI with small profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,60,97,875 up by 2,46,850, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 17,42,400 up by 1,24,100, with decrease in price, most probably huge short build-up.
  • FII’s bought 0.11 lacs Futures, which includes 5311 contracts long build-up and 4886 contracts short build-up, with increase in net OI by 10197 contracts (includes 54458 longs to 54033 shorts for the day) and the Average Price comes to 8667.53.
  • FII’s Index future open contract as on date is 397399 Longs to 224799 Shorts, Net Long 172600 contracts.
  • Initial support at 8300, with OI of 31.54 lacs and below that at 8200 with OI of 35.43 lacs.
  • Initial resistance at 8500, with OI of 25.96 lacs and above that at 8800 with OI of 37.14 lacs.
  • Day Range as per Option Table is 8365 - 8503 and as per VIX is 8359 - 8508 with 8435 as the Pivot.
India VIX : 16.91 up by 0.25 points
Call OI : 29035525
Put OI : 32492750
PCR OI : 1.119
SMR : 15.11 (Bullish: A perfect consolidation waiting for RBI governor to show his cards tomorrow, the index stays positive till it is comfortably above 8399...)