Monday, July 20, 2015

Option Open Interest for 20-07-2015

Inference
The Index opened positive but saw profit booking from the start to the lows of the day at 8559 where the responsive buyers took control to move the index back in green but closed just lower at 8603.25, small loss of 6.40 points. The broader market though was positive, with 797 advances to 718 declines. The range as per OI table is now at 8500-8800.
  • Call option 8600-9000 added 6.47 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8600-8400, 8000 added huge 6.67 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 2,14,12,925 up by 2,23,250, with not much change in price, most probably long/short build-up.
  • Bank Nifty Open Interest is at 17,47,500 down by 1,27,100, with decrease in price, most probably huge long liquidation.
  • FII’s sold 0.53 lacs Futures, which includes 2606 contracts long build-up and 4737 contracts short build-up, with increase in net OI by 7343 contracts (includes 43469 longs to 45600 shorts for the day) and the Average Price comes to 8736.02.
  • FII’s Index future open contract as on date is 679619 Longs to 224113 Shorts, Net Long 455506 contracts.
  • Initial support stays at 8600, with OI of 34.47 lacs and below that at 8500 with highest OI of 65.59 lacs.
  • Initial resistance at 8700, with OI of 43.12 lacs and above that at 8800 with OI of 44.02 lacs.
  • Day Range as per Option Table is 8535 - 8659 and as per VIX is 8536 - 8671 with 8596 as the Pivot.
India VIX : 14.96 up by 0.16 points
Call OI : 31505350
Put OI : 50055075
PCR OI : 1.589
SMR : 9.42 (Bullish : Second day in a row the index closed flat, but the OI table stayed strong with best support at 8500, semblance of resistance forming around 8700-8800 level...)