Tuesday, June 23, 2015

Option Open Interest for 23-06-2015

Inference
The Index opened strong around 8377 and went on to make high just below 8400, but small profit booking saw the index back to previous days close level. Smart buying saw the index close positive at 8381.55, gain 28.45 points. The broader market was positive, with 858 advances to 619 declines. The broader range as per Option Table is at 8200-8500.
  • Call option 8600 added 3.27 lacs OI with huge short covering seen at 8300 and below strike prices.
  • Put option 8400-8200 added huge 31.77 lacs OI with profit booking seen at 8100 and below strike prices.
  • Nifty Open Interest is at 1,18,08,475 down by 11,23,975, whereas next series added 20.04 lacs with increase in price, most probably rollover with huge long build-up.
  • Bank Nifty Open Interest is at 20,15,475 down by 2,81,550, whereas next series added 2.06 lacs with increase in price, most probably rollover with huge short covering.
  • FII’s bought huge 16.24 lacs Futures, which includes 44677 contracts long build-up and 20293 contracts short covering, with increase in net OI by 24384 contracts (includes 200826 longs to 135856 shorts for the day) and the Average Price comes to 9068.38.
  • FII’s Index future open contract as on date is 385814 Longs to 299888 Shorts, Net Long 85926 contracts.
  • Initial and best support stays at 8300, with highest OI of 58.21 lacs and below that at 8200 with OI of 58.20 lacs.
  • Initial and best resistance at 8400, with OI of 48.77 lacs and above that at 8500 with OI of 47.29 lacs.
  • Day Range as per Option Table is 8296 - 8452 and as per VIX is 8316 - 8448 with 8372 as the Pivot.
India VIX : 15.04 down by 0.45 points
Call OI : 37941250
Put OI : 48575925
PCR OI : 1.280
SMR : 11.75 (Bullish : The OI Table stays strong with 8300PE level having the highest OI, downside if any will be bought for an Expiry around the highs of the series...)