Wednesday, June 17, 2015

Option Open Interest for 17-06-2015

Inference
The Index opened strong around 8084 and after an initial dip, moved up to cross 8100 and made a high of 8137, only to falter in the last 30 minutes to close at 8091.55, still gained 44.25 points. The broader market was positive, with 1033 advances to 451 declines. The broader range as per Option Table stays at 7800-8500.
  • Call option 8100, 8300 added huge 11.77 lacs OI with short covering seen at 8000 and below strike prices.
  • Put option 8100-8000 added 8.22 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,56,44,450 up by 94,875, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 27,61,100 down by 80,950, with decrease in price, most probably long liquidation.
  • FII’s sold 1.37 lacs Futures, which includes 5755 contracts long liquidation and 273 contracts short covering, with decrease in net OI by 6028 contracts (includes 107753 longs to 113235 shorts for the day) and the Average Price comes to 8741.95.
  • FII’s Index future open contract as on date is 313960 Longs to 358097 Shorts, Net Short 44137 contracts.
  • Initial and super support at 8000, with huge OI of 49.29 lacs and below that at 7900 with OI of 41.91 lacs.
  • Initial resistance still at 8100, with OI of 41.31 lacs and above that at 8200 with OI of 45.29 lacs.
  • Day Range as per Option Table is 8014 - 8170 and as per VIX is 8021 - 8162 with 8092 as the Pivot.
India VIX : 16.73 down by 0.44 points
Call OI : 47408825
Put OI : 39924100
PCR OI : 0.842
SMR : 19.87 (Neutral : Another DOJI, and the indecision continues, OI table stays weak though the best support has moved up to 8000 level...)