Thursday, June 25, 2015

Option Open Interest for 25-06-2015

Inference
The Index opened flat to negative but saw huge short covering from the onset to scale the psychological level of 8400 but closed just below at 8398.00, gain 37.15 points. The broader market was just negative, with 723 advances to 747 declines. The broader range at start of series is at 8000-8600.
  • Call option 7800-9000 added huge 44.54 lacs OI.
  • Put option 9000-7700 added huge 40.91 lacs OI.
  • Nifty Open Interest is at 1,38,71,600 up by 48,44,925, with increase in price, 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 16,14,775 up by 7,33,550, with increase in price, 100% rollover with huge long build-up.
  • FII’s bought huge 25.14 lacs Futures, which includes 128094 contracts long liquidation and 233467 contracts short covering, with decrease in net OI by 361561 contracts (includes 233948 longs to 133369 shorts for the day) and the Average Price comes to 8830.24.
  • FII’s Index future open contract as on date is 370866 Longs to 115431 Shorts, Net Long 255435 contracts.
  • Initial support at 8300, with huge OI addition of 9.07 lacs and below that at 8000 with OI of 33.33 lacs.
  • Initial resistance at 8400, with OI of 24.41 lacs and above that at 8500 with OI of 25.58 lacs.
  • Day Range as per Option Table is 8313 - 8458 and as per VIX is 8328 - 8468 with 8384 as the Pivot.
India VIX : 15.93 up by 0.01 points
Call OI : 19894375
Put OI : 28099375
PCR OI : 1.412
SMR : 11.28 (Bullish : Start of a new series and the base at 8000-7900 has been done, no resistance of note in the entire OI table...)