Monday, June 29, 2015

Option Open Interest for 29-06-2015

Inference
The Index opened weak on the back of bad global cues and went on to make low of 8196. Value buying around the lows saw the index cover most of the loss but still closed in red at 8318.40, loss of 62.70 points. The broader market was very weak, with 345 advances to 1158 declines. The broader range at start of series is at 7900-8600.
  • Call option 8100-8600 added huge 16.31 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8300-7700 added huge 29.37 lacs OI with short covering seen at 8400 and above strike price.
  • Nifty Open Interest is at 1,52,00,625 up by 13,76,275, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 14,89,200 up by 26,525, with decrease in price, most probably short build-up.
  • FII’s bought huge 8.78 lacs Futures, which includes 53424 contracts long build-up and 18288 contracts short build-up, with increase in net OI by 71712 contracts (includes 120798 longs to 85662 shorts for the day) and the Average Price comes to 8497.40.
  • FII’s Index future open contract as on date is 422495 Longs to 139514 Shorts, Net Long 282981 contracts.
  • Initial and very good support at 8200, with OI of 32.14 lacs and below that at 8000 with OI of 44.26 lacs.
  • Initial resistance at 8400, with OI of 28.62 lacs and above that at 8500 with OI of 31.01 lacs.
  • Day Range as per Option Table is 8214 - 8370 and as per VIX is 8243 - 8394 with 8281 as the Pivot.
India VIX : 17.30 up by 1.54 points
Call OI : 24565100
Put OI : 34552175
PCR OI : 1.407
SMR : 12.30 (Neutral to Bullish : The index closed weak, but the OI table stays positive with PCR OI at 1.41 and support getting stronger at 8200, Resistance starts from 8400 level...)