Wednesday, July 15, 2015

Option Open Interest for 15-07-2015

Inference
The Index opened flat to positive but saw huge buying interest within the first few minutes of trade to scale 8500 and stayed above it for the rest of the day to close near the top at 8523.80, gain of 69.70 points. The broader market though was positive, with 845 advances to 654 declines. The range as per OI table has moved up to 8200-8800.
  • Call option 8600-8900 added 7.65 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8600-8400, 8200-8000 added huge 39.76 lacs OI with profit booking seen at 8300 strike price.
  • Nifty Open Interest is at 2,04,86,775 up by 6,20,850, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 17,21,075 down by 14,100, with increase in price, most probably small short covering.
  • FII’s bought huge 13.27 lacs Futures, which includes 41744 contracts long build-up and 11317 contracts short covering, with increase in net OI by 30427 contracts (includes 111757 longs to 58696 shorts for the day) and the Average Price comes to 8668.15.
  • FII’s Index future open contract as on date is 618746 Longs to 235482 Shorts, Net Long 383264 contracts.
  • Initial support up at 8500, with huge OI addition of 17.74 lacs and below that at 8400 with highest OI of 60.67 lacs.
  • Initial and best resistance at 8600, with OI of 42.22 lacs and above that at 8700 with OI of 38.27 lacs.
  • Day Range as per Option Table is 8442 - 8578 and as per VIX is 8454 - 8593 with 8506 as the Pivot.
India VIX : 15.57 down by 0.44 points
Call OI : 32189000
Put OI : 46361300
PCR OI : 1.440
SMR : 10.81 (Bullish : The OI table support has moved up to 8400 for the series with Bulls on a rampage, not much resistance moving forward, remains a Buy on Dips...)