Tuesday, June 16, 2015

Option Open Interest for 16-06-2015

Inference
The Index opened flat to weak and stayed in the red for the better part of the day, but a short covering rally towards second half saw the index close positive at 8047.30, gain of 33.40 points. The broader market was positive, with 756 advances to 714 declines. The broader range as per Option Table stays at 7800-8500.
  • Call option 8200 added 3.93 lacs OI with short covering seen at 8000 and below strike prices.
  • Put option 8000 added 5.21 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,55,49,575 down by 3,46,200, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 28,42,050 up by 68,200, with increase in price, most probably long build-up.
  • FII’s sold huge 7.67 lacs Futures, which includes 34566 contracts long liquidation and 3879 contracts short covering, with decrease in net OI by 38445 contracts (includes 53460 longs to 84147 shorts for the day) and the Average Price comes to 8708.99.
  • FII’s Index future open contract as on date is 319715 Longs to 358370 Shorts, Net Short 38655 contracts.
  • Initial support getting better at 8000, with OI of 45.42 lacs and below that at 7900 with OI of 47.12 lacs.
  • Initial resistance still at 8100, with OI of 34.90 lacs and above that at 8200 with OI of 48.09 lacs.
  • Day Range as per Option Table is 7947 - 8107 and as per VIX is 7975 - 8120 with 8021 as the Pivot.
India VIX : 17.17 down by 0.36 points
Call OI : 47218550
Put OI : 39940875
PCR OI : 0.8846
SMR : 20.30 (Neutral: For the 4th time in a row the index has bounced off from the 7940-7960 level, though no follow has been seen, a close above 8080 minimum required to stay in the hunt...)