Sunday, June 21, 2015

Option Open Interest for 19-06-2015

Inference
The Index opened strong above 8200 and stayed positive throughout the entire session of trade and closed strong at 8224.95, gain 50.35 points. The broader market was positive, with 818 advances to 675 declines. The broader range as per Option Table moved up to 8000-8500.
  • Call option 8250, 8400-8500 added 6.61 lacs OI with short covering seen at 8200 and below strike prices.
  • Put option 8300-8000 added huge 38.38 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,50,13,975 down by 8,59,500, whereas next series added 2.48 lacs with increase in price, most probably small rollover with huge short covering.
  • Bank Nifty Open Interest is at 24,11,850 down by 99,875, whereas next series added 0.43 lacs with increase in price, most probably small rollover with huge short covering.
  • FII’s sold 1.89 lacs Futures, which includes 12452 contracts long liquidation and 4883 contracts short covering, with decrease in net OI by 17335 contracts (includes 104102 longs to 111671 shorts for the day) and the Average Price comes to 8744.78.
  • FII’s Index future open contract as on date is 333540 Longs to 370925 Shorts, Net Short 37385 contracts.
  • Initial support now at 8200, with OI of 46.42 lacs and below that at 8100 with OI of 50.57 lacs.
  • Initial resistance at 8300, with OI of 44.86 lacs and above that at 8400 with OI of 48.18 lacs.
  • Day Range as per Option Table is 8150 - 8297 and as per VIX is 8160 - 8290 with 8224 as the Pivot.
India VIX : 15.09 down by 0.93 points
Call OI : 42585500
Put OI : 45054275
PCR OI : 1.058
SMR : 14.26 (Bullish : Bulls have taken control of the OI table just 4 days from expiry and sealed the level of 8000, resistance moving forward starts from 8300...)