Tuesday, July 14, 2015

Option Open Interest for 14-07-2015

Inference
The Index opened positive but saw profit booking and stayed weak for the major part of the day, with only move around 8480 being sold into. The index ultimately closed flat at 8454.10, small loss 5.55 points. The broader market though was positive, with 832 advances to 665 declines. The range as per OI table comes to 7900-8800.
  • Call option 8600, 8800 added 5.96 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8500-8200, 8000 added 9.83 lacs OI with profit booking seen at 8100 and below strike price.
  • Nifty Open Interest is at 1,98,65,925 up by 2,11,500, with small decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 17,35,175 down by 1,800, with decrease in price, most probably long liquidation.
  • FII’s bought huge 10.21 lacs Futures, which includes 40754 contracts long build-up and 99 contracts short covering, with increase in net OI by 40655 contracts (includes 74842 longs to 33989 shorts for the day) and the Average Price comes to 8629.93.
  • FII’s Index future open contract as on date is 577002 Longs to 246799 Shorts, Net Long 330203 contracts.
  • Initial support stays at 8400, with OI of 42.94 lacs and below that at 8300 with highest OI of 54.83 lacs.
  • Initial and best resistance still at 8500, with OI of 46.83 lacs and above that at 8600 with OI of 41.14 lacs.
  • Day Range as per Option Table is 8384 - 8521 and as per VIX is 8383 - 8525 with 8453 as the Pivot.
India VIX : 16.01 down by 0.26 points
Call OI : 33573775
Put OI : 42854225
PCR OI : 1.276
SMR : 12.54 (Bullish : Though the Index closed in Red, but the OI table stayed positive with initial support getting stronger at 8400 level, best resistance still at 8500...)