Wednesday, June 3, 2015

Option Open Interest for 03-06-2015

Inference
The Index opened flat to negative and the mayhem continued with the index making a low at 8094 but closed a bit higher at 8135.10, still a huge loss of 101.35 points. The broader market was also weak, with just 227 advances to 1306 declines. The broader range as per Option Table has narrowed down to 8000-8500.
  • Call option 7900-8500 added huge 44.99 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8100-7700 added huge 13.58 lacs OI with short covering seen at 8200 and above strike prices.
  • Nifty Open Interest is at 1,60,24,700 down by 86,050, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 22,31,275 up by 48,625, with decrease in price, most probably short build-up.
  • FII’s sold huge 8.27 lacs Futures, which includes 25954 contracts long liquidation and 7123 contracts short build-up, with decrease in net OI by 18831 contracts (includes 84791 longs to 117868 shorts for the day) and the Average Price comes to 8362.00.
  • FII’s Index future open contract as on date is 322896 Longs to 283425 Shorts, Net Long 39471 contracts.
  • Initial and very good support at 8100, with OI of 37.94 lacs and below that at 8000 with OI of 45.31 lacs.
  • Initial resistance at 8200, with OI addition of 10.14 lacs and above that at 8300 with OI of 31.28 lacs.
  • Day Range as per Option Table is 8067 - 8238 and as per VIX is 8061 - 8210 with 8155 as the Pivot.
India VIX : 17.51 up by 0.69 points
Call OI : 38540150
Put OI : 36080850
PCR OI : 0.936
SMR : 18.70 (Bearish with Caution: Seller dominated for the session with huge CE addition at 8100-8500 Level, though the PE writers are still holding on to the lower levels, Sell only on Rise...)