Monday, July 27, 2015

Option Open Interest for 27-07-2015

Inference
The Index opened weak and saw huge selling pressure throughout the entire session of trade to close near the lows 8361.00, huge loss of 160.55 points. The broader market was weak, with 441 advances to 1085 declines. The range as per OI table comes to 8200-8600.
  • Call option 8300-8600 added huge 63.04 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8350-8100 added huge 11.41 lacs OI with huge short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 1,79,59,950 down by 20,06,250, whereas August series added 2.11 lacs with huge decrease in price, most probably 100% rollover with small short build-up.
  • Bank Nifty Open Interest is at 16,69,125 down by 1,68,275, whereas August series added 1.83 lacs with decrease in price, most probably 100% rollover with short build-up.
  • FII’s sold huge 16.27 lacs Futures, which includes 31991 contracts long liquidation and 33079 contracts short build-up, with increase in net OI by 1088 contracts (includes 152064 longs to 217134 shorts for the day) and the Average Price comes to 8492.06.
  • FII’s Index future open contract as on date is 655403 Longs to 260970 Shorts, Net Long 394433 contracts.
  • Initial and best support has moved down to 8300, with OI of 48.00 lacs and below that at 8200 with OI of 42.09 lacs.
  • Initial strong resistance at 8400, with OI of 48.22 lacs and above that at 8500 with OI of 56.85 lacs.
  • Day Range as per Option Table is 8314 - 8467 and as per VIX is 8289 - 8433 with 8402 as the Pivot.
India VIX : 16.37 up by 0.91 points
Call OI : 40645700
Put OI : 41748450
PCR OI : 1.027
SMR : 15.94 (Bearish : Bulls are on the back-foot in the expiry week with 8500 now a huge resistance with only support of note at 8300, Sell only on Rise...)