Monday, July 13, 2015

Option Open Interest for 13-07-2015

Inference
The Index opened positive around 8400 but saw some profit booking to touch the lows of 8355 only to see the huge up-move on the back of favourable Greece deal to scale 8400 with ease and closed strong at 8459.65, huge gain of 99.10 points. The broader market was also positive, with 1020 advances to 482 declines. The range as per OI table comes to 7900-8700.
  • Call option 8500, 8700, 8900 added 8.76 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8600-8300 added huge 21.80 lacs OI with profit booking seen at 8200 and below strike price.
  • Nifty Open Interest is at 1,96,54,425 up by 13,45,900, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 17,36,975 up by 62,225, with increase in price, most probably long build-up.
  • FII’s bought 1.32 lacs Futures, which includes 27344 contracts long build-up and 22066 contracts short build-up, with increase in net OI by 49410 contracts (includes 66635 longs to 61357 shorts for the day) and the Average Price comes to 8605.54.
  • FII’s Index future open contract as on date is 536248 Longs to 246898 Shorts, Net Long 289350 contracts.
  • Initial support up at 8400, with huge OI addition of 8.27 lacs and below that at 8300 with highest OI of 54.13 lacs.
  • Initial and best resistance at 8500, with OI of 47.97 lacs and above that at 8600 with OI of 38.33 lacs.
  • Day Range as per Option Table is 8362 - 8509 and as per VIX is 8388 - 8532 with 8429 as the Pivot.
India VIX : 16.27 down by 0.80 points
Call OI : 335770775
Put OI : 42246650
PCR OI : 1.251
SMR : 13.01 (Bullish : Favourable Greece deal saw the Bulls back in action with huge short covering at 8400CE and best support up around 8300, The index is back to Buy on Dips...)