Tuesday, July 21, 2015

Option Open Interest for 21-07-2015

Inference
The Index opened flat and stayed in a narrow range for the better part of the day but saw huge un-winding in the last one hour of trade to close near the lows at 8529.45, huge loss of 74.00 points. The broader market was weak, with 356 advances to 1172 declines. The range as per OI table is now at 8200-8800.
  • Call option 8500-8700 added huge 13.23 lacs OI with profit booking seen at 8800 and above strike prices.
  • No Put option added any OI whereas huge short covering was seen at 8600 and above strike prices.
  • Nifty Open Interest is at 2,07,05,675 down by 7,07,250, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 17,63,175 up by 15,675, with decrease in price, most probably short build-up.
  • FII’s bought huge 12.25 lacs Futures, which includes 19457 contracts long build-up and 29545 contracts short covering, with decrease in net OI by 10088 contracts (includes 80969 longs to 31967 shorts for the day) and the Average Price comes to 8622.96.
  • FII’s Index future open contract as on date is 699076 Longs to 194568 Shorts, Net Long 504508 contracts.
  • Initial and best support at 8500, with highest OI of 58.68 lacs and below that at 8400 with OI of 48.75 lacs.
  • Initial resistance at 8600, with OI of 47.64 lacs and above that at 8700 with OI of 43.65 lacs.
  • Day Range as per Option Table is 8491 - 8621 and as per VIX is 8462 - 8597 with 8565 as the Pivot.
India VIX : 15.10 up by 0.14 points
Call OI : 31913550
Put OI : 46921150
PCR OI : 1.470
SMR : 10.27 (Neutral : Weakness has crept in but the OI table still looks good with PCR still above 1.47 and as I was saying for the last few days, resistance has got better around 8600-8700 level...)