Wednesday, June 24, 2015

Option Open Interest for 24-06-2015

Inference
The Index opened positive around 8400 and stayed positive for the major part of the day but saw huge short build-up in the last hour of trade to sink below 8350 but closed just above at 8360.85, loss 20.70 points. The broader market was negative, with 624 advances to 859 declines. The broader range as per Option Table for expiry is at 8200-8500.
  • Call option 8350, 8450 added 6.98 lacs OI with huge short covering seen at 8300 and below strike prices.
  • Put option 8500-8350 added 8.32 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 1,13,17,425 down by 4,91,050, whereas next series added 27.73 lacs with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 16,73,125 down by 3,42,350, whereas next series added 2.07 lacs with decrease in price, most probably roll-over with huge long liquidation.
  • FII’s bought huge 16.03 lacs Futures, which includes 113146 contracts long build-up and 49010 contracts short build-up, with increase in net OI by 162156 contracts (includes 257188 longs to 193052 shorts for the day) and the Average Price comes to 8792.40.
  • FII’s Index future open contract as on date is 498960 Longs to 348898 Shorts, Net Long 150062 contracts.
  • Initial support stays at 8300, with OI of 49.65 lacs and below that at 8200 with highest OI of 51.02 lacs.
  • Initial resistance at 8400, with OI of 46.92 lacs and above that at 8500 with OI of 47.20 lacs.
  • Day Range as per Option Table is 8299 - 8442 and as per VIX is 8291 - 8431 with 8374 as the Pivot.
July Series Option Table Starts with Huge Support around 8000-7900 Level

India VIX : 15.92 up by 0.88 points
Call OI : 35751050
Put OI : 45455425
PCR OI : 1.271
SMR : 12.52 (Bullish : The index saw a negative close after 8 days, but the OI table stays positive with huge support around 8300, Expiry range as per the table comes to 8300-8400...)