Wednesday, July 22, 2015

Option Open Interest for 22-07-2015

Inference
The Index opened flat to negative and went on to touch the lows of the day around 8499, where from the responsive buyers took control and moved the index back in green and above 8600 with ease to close near the top at 8633.50, huge gain of 104.05 points. The broader market was strong, with 1027 advances to 485 declines. The range as per OI table is now at 8500-8800.
  • Call option 8700-8900 added huge 11.73 lacs OI with huge short covering seen at 8600 and below strike prices.
  • Put option 8700-8300 added huge 37.01 lacs OI with profit booking seen at 8200 and below strike prices.
  • Nifty Open Interest is at 2,14,29,825 up by 7,24,150, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 18,16,500 up by 53,325, with increase in price, most probably long build-up.
  • FII’s sold 3.72 lacs Futures, which includes 3630 contracts long build-up and 18511 contracts short build-up, with increase in net OI by 22141 contracts (includes 72047 longs to 86928 shorts for the day) and the Average Price comes to 8789.56.
  • FII’s Index future open contract as on date is 702706 Longs to 213079 Shorts, Net Long 489627 contracts.
  • Initial support at 8600, with huge OI addition of 17.04 lacs and below that at 8500 with highest OI of 68.48 lacs.
  • Initial and best resistance at 8700, with OI of 46.64 lacs and above that at 8800 with OI of 45.67 lacs.
  • Day Range as per Option Table is 8532 - 8675 and as per VIX is 8565 - 8702 with 8592 as the Pivot.
India VIX : 15.13 up by 0.03 points
Call OI : 31691350
Put OI : 51011475
PCR OI : 1.610
SMR : 9.40 (Bullish : No follow-up action and the Bulls took the opportunity to seal 8500 for the series, best resistance for the time being around 8700, Stay cautious at higher levels...)