Thursday, June 18, 2015

Option Open Interest for 18-06-2015

Inference
The Index opened strong above 8100 and stayed positive throughout the entire session to close just below the highs of the day at 8174.60, gain 83.05 points. The broader market was positive, with 987 advances to 476 declines. The broader range as per Option Table moved up to 8000-8500.
  • Call option 8300 added 2.45 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8200-7900 added huge 38.67 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,58,73,475 up by 2,29,025, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 25,11,725 down by 2,49,375, with increase in price, most probably huge short covering.
  • FII’s bought 3.58 lacs Futures, which includes 32032 contracts long build-up and 17711 contracts short build-up, with increase in net OI by 49743 contracts (includes 174842 longs to 160520 shorts for the day) and the Average Price comes to 8636.77.
  • FII’s Index future open contract as on date is 345992 Longs to 375808 Shorts, Net Short 29816 contracts.
  • Initial support now at 8100, with OI of 41.33 lacs and below that at 8000 with highest OI of 63.37 lacs.
  • Initial resistance at 8200, with OI of 42.24 lacs and above that at 8300 with OI of 51.34 lacs.
  • Day Range as per Option Table is 8082 - 8236 and as per VIX is 8106 - 8243 with 8154 as the Pivot.
India VIX : 16.02 down by 0.71 points
Call OI : 44800425
Put OI : 42276275
PCR OI : 0.944
SMR : 16.98 (Bullish with Caution: A perfect day for the Bulls, with huge addition at 8100-8000PE level, Base done for the series with OI table trying to turn green...)