Sunday, July 19, 2015

Option Open Interest for 17-07-2015

Inference
The Index opened positive and went on to make the highs of the day at 8643 within the first few minutes of trade, but profit booking at higher level saw the index close flat at 8609.85, small gain of 1.80 points. The broader market was just negative, with 749 advances to 764 declines. The range as per OI table stays at 8300-8800.
  • Call option 8600-8800 added 8.16 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8700-8500 added huge 26.17 lacs OI with profit booking seen at 8400 and below strike prices.
  • Nifty Open Interest is at 2,11,89,675 down by 92,350, with no change in price, most probably long liquidation/short covering.
  • Bank Nifty Open Interest is at 18,74,600 down by 1,550, with decrease in price, most probably small long liquidation.
  • FII’s bought 2.64 lacs Futures, which includes 3017 contracts long build-up and 7524 contracts short covering, with decrease in net OI by 4507 contracts (includes 50273 longs to 39732 shorts for the day) and the Average Price comes to 8765.93.
  • FII’s Index future open contract as on date is 677013 Longs to 219376 Shorts, Net Long 457637 contracts.
  • Initial support at 8600, with OI of 32.94 lacs and below that at 8500 with highest OI of 66.08 lacs.
  • Initial and best resistance at 8700, with OI of 42.40 lacs and above that at 8800 with OI of 40.79 lacs.
  • Day Range as per Option Table is 8549 - 8677 and as per VIX is 8543 - 8677 with 8615 as the Pivot.
India VIX : 14.80 up by 0.02 points
Call OI : 31408650
Put OI : 50523775
PCR OI : 1.609
SMR : 9.20 (Bullish : Another consolidation day though the OI table stayed strong with best support now at 8500, small resistance developing around 8700, Remains a Buy on Dips...)