Monday, June 22, 2015

Option Open Interest for 22-06-2015

Inference
The Index opened strong around 8259 and stayed strong throughout the entire session of trade with a small profit booking towards the end and closed strong at 8353.10, huge gain 128.15 points. The broader market was also strong, with 1063 advances to 456 declines. The broader range as per Option Table moved up to 8000-8500.
  • Call option 8350-8500 added huge 13.67 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8400-8200 added huge 49.10 lacs OI with profit booking seen at 8100 and below strike prices.
  • Nifty Open Interest is at 1,29,32,450 down by 20,81,525, whereas next series added 13.47 lacs with increase in price, most probably rollover with huge short covering.
  • Bank Nifty Open Interest is at 22,97,025 down by 1,14,825, whereas next series added 1.97 lacs with increase in price, most probably 100% rollover with huge long build-up.
  • FII’s bought huge 14.59 lacs Futures, which includes 7597 contracts long build-up and 50744 contracts short covering, with decrease in net OI by 43147 contracts (includes 295494 longs to 237153 shorts for the day) and the Average Price comes to 9100.12.
  • FII’s Index future open contract as on date is 341137 Longs to 320181 Shorts, Net Long 20956 contracts.
  • Initial support now at 8300, with OI of 46.32 lacs and below that at 8200 with OI of 54.43 lacs.
  • Initial and good resistance at 8400, with OI of 51.14 lacs and above that at 8500 with OI of 57.37 lacs.
  • Day Range as per Option Table is 8255 - 8410 and as per VIX is 8285 - 8421 with 8327 as the Pivot.
India VIX : 15.49 up by 0.40 points
Call OI : 40038125
Put OI : 48087800
PCR OI : 1.201
SMR : 12.90 (Bullish : The PE writers are in overdrive, have added 28 lacs OI at 8300, Hope below 8300 will not be seen till Expiry, Huge resistance starts at 8400...)