Thursday, June 11, 2015

Option Open Interest for 11-06-2015

Inference
The Index opened positive but saw huge selling pressure to break one support after another to close below the psychological level of 8000 for the first time this year at 7965.35, huge loss of 159.10 points. The broader market was also weak, with just 289 advances to 1200 declines. The broader range as per Option Table stays at 7800-8500.
  • Call option 7900-8500 added huge 44.61 lacs OI with profit booking at 8600 and above strike prices.
  • Put option 7900-7600 added huge 23.24 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 1,65,90,775 up by 11,82,250, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 25,03,075 up by 3,03,925, with decrease in price, most probably huge short build-up.
  • FII’s bought 0.68 lacs Futures, which includes 33214 contracts long build-up and 30479 contracts short build-up, with increase in net OI by 63693 contracts (includes 117559 longs to 114824 shorts for the day) and the Average Price comes to 8320.46.
  • FII’s Index future open contract as on date is 352963 Longs to 335580 Shorts, Net Long 17383 contracts.
  • Initial support at 7900, with OI of 45.33 lacs and below that at 7900 with huge OI of 51.95 lacs.
  • Initial resistance at 8000, with huge OI addition of 14.60 lacs and above that at 8100 with OI of 32.54 lacs.
  • Day Range as per Option Table is 7926 - 8100 and as per VIX is 7891 - 8040 with 8029 as the Pivot.
India VIX : 17.81 up by 0.73 points
Call OI : 49333175
Put OI : 38395500
PCR OI : 0.778
SMR : 22.88 (Bearish with Caution: No follow-up from the Buyers saw the Bears take control with a 200 pointer from the top, with huge addition at 8000-8100 CE strike...)