Friday, June 26, 2015

Option Open Interest for 26-06-2015

Inference
The Index opened flat to negative but saw huge sell-off to the lows of the day around 8340, the responsive buyers took control from thereon to move the index back in green but closed just a bit lower at 8381.10, loss of 16.90 points. The broader market was weak, with 580 advances to 901 declines. The broader range at start of series is at 7900-8700.
  • Call option 8300-9000 added huge 29.36 lacs OI with small short covering seen at 7900 and lower strike prices.
  • Put option 8600-7700 added huge 20.17 lacs OI with small short covering seen at 8800 strike price.
  • Nifty Open Interest is at 1,38,24,350 down by 47,250, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 14,62,675 down by 1,52,100, with decrease in price, most probably huge long liquidation.
  • FII’s sold 1.90 lacs Futures, which includes 1795 contracts long liquidation and 5795 contracts short build-up, with increase in net OI by 4000 contracts (includes 42346 longs to 49936 shorts for the day) and the Average Price comes to 8646.82.
  • FII’s Index future open contract as on date is 369071 Longs to 121226 Shorts, Net Long 247845 contracts.
  • Initial support at 8300, with OI of 23.89 lacs and below that at 8000 with OI of 36.39 lacs.
  • Initial resistance at 8400, with OI of 25.46 lacs and above that at 8500 with OI of 30.90 lacs.
  • Day Range as per Option Table is 8309 - 8446 and as per VIX is 8312 - 8450 with 8376 as the Pivot.
India VIX : 15.76 down by 0.17 points
Call OI : 23135850
Put OI : 30649200
PCR OI : 1.325
SMR : 11.90 (Bullish : Though the index closed negative, but the OI table stays firm with PCR OI still comfortably placed at 1.325, Resistance coming up around 8500...)