Monday, June 15, 2015

Option Open Interest for 15-06-2015

Inference
The Index opened flat and went on to touch the lows of the day at 7945 within the first minute itself but saw buying interest from the lows to close above the psychological level of 8000 at 8013.90, gain of 31.00 points. The broader market was positive, with 824 advances to 646 declines. The broader range as per Option Table stays at 7800-8500.
  • Call option 8250 added 1.70 lacs OI with short covering seen at 8000 and below strike prices.
  • Put option 8000-7500 added huge 10.72 lacs OI with profit booking seen at 7900 strike price.
  • Nifty Open Interest is at 1,58,95,775 down by 7,61,950, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 27,73,850 up by 1,55,750, with decrease in price, most probably huge short build-up.
  • FII’s sold 3.70 lacs Futures, which includes 14781 contracts long liquidation and 24 contracts short build-up, with decrease in net OI by 14757 contracts (includes 49681 longs to 64486 shorts for the day) and the Average Price comes to 8566.83.
  • FII’s Index future open contract as on date is 354281 Longs to 362249 Shorts, Net Short 7968 contracts.
  • Initial support at 8000, with OI of 40.20 lacs and below that at 7900 with OI of 49.38 lacs.
  • Initial resistance at 8100, with OI of 35.30 lacs and above that at 8200 with OI of 44.17 lacs.
  • Day Range as per Option Table is 7929 - 8088 and as per VIX is 7940 - 8087 with 8005 as the Pivot.
India VIX : 17.53 up by 0.05 points
Call OI : 47582250
Put OI : 40495250
PCR OI : 0.851
SMR : 20.60 (Bearish with Caution: Bounces if any are short lived due to weak OI table, though support still the best around 7900-7800 level, Sell on Rise continues...)