Wednesday, July 1, 2015

Option Open Interest for 01-07-2015

Inference
The Index opened flat but saw huge buying interest from the onset to scale one resistance after another to close near the highs at 8453.05, the best close in more than a month with a huge gain of 84.55 points. The broader market was strong, with 1136 advances to 369 declines. The range as per OI table comes to 8000-8700.
  • Call option 8700-9000 added huge 12.78 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8500-8000 added huge 24.82 lacs OI with profit booking seen at 7900 and below strike price.
  • Nifty Open Interest is at 1,70,25,675 up by 6,96,125, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 16,40,825 up by 1,27,250, with increase in price, most probably huge long build-up.
  • FII’s bought huge 5.07 lacs Futures, which includes 23129 contracts long build-up and 2846 contracts short build-up, with increase in net OI by 25975 contracts (includes 79833 longs to 59550 shorts for the day) and the Average Price comes to 8560.63.
  • FII’s Index future open contract as on date is 479297 Longs to 159080 Shorts, Net Long 320217 contracts.
  • Initial support at 8400, with huge OI addition of 5.27 lacs and below that at 8300 with OI of 34.90 lacs.
  • Initial and best resistance at 8500, with OI of 33.47 lacs and above that at 8700 with OI of 32.62 lacs.
  • Day Range as per Option Table is 8361 - 8515 and as per VIX is 8383 - 8523 with 8435 as the Pivot.
India VIX : 15.85 down by 1.08 points
Call OI : 26681400
Put OI : 38442275
PCR OI : 1.441
SMR : 11.00 (Bullish : Resistance of note in OI table only around 8500, till then a smooth ride, support gathering strength at 8300-8200, stays a Buy on Dips...)