Thursday, July 2, 2015

Option Open Interest for 02-07-2015

Inference
The Index opened flat to negative and stayed in a very narrow range oscillating between red and green but closed just weak at 8444.90, small loss of 8.15 points. The broader market was positive, with 850 advances to 661 declines. The range as per OI table comes to 7900-8700.
  • Call option 8400-8800 added 8.59 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8500-8100 added huge 17.75 lacs OI with profit booking seen at 8000 and below strike price.
  • Nifty Open Interest is at 1,69,75,375 down by 50,300, with decrease in price, most probably small long liquidation.
  • Bank Nifty Open Interest is at 16,89,200 up by 48,375, with increase in price, most probably long build-up.
  • FII’s bought 4.31 lacs Futures, which includes 19603 contracts long build-up and 2352 contracts short build-up, with increase in net OI by 21955 contracts (includes 62587 longs to 45336 shorts for the day) and the Average Price comes to 8544.48.
  • FII’s Index future open contract as on date is 498900 Longs to 161432 Shorts, Net Long 337468 contracts.
  • Initial support stays at 8400, with OI of 26.29 lacs and below that at 8300 with OI of 36.10 lacs.
  • Initial and best resistance at 8500, with OI of 36.31 lacs and above that at 8700 with OI of 35.67 lacs.
  • Day Range as per Option Table is 8376 - 8523 and as per VIX is 8376 - 8514 with 8452 as the Pivot.
India VIX : 15.56 down by 0.29 points
Call OI : 27314175
Put OI : 39103125
PCR OI : 1.432
SMR : 10.87 (Bullish : The OI Table stays strong but higher level selling is been seen with 8500 level turning out to be resistance for the time being, Support at 8300 and below...)