Thursday, July 30, 2015

Option Open Interest for 30-07-2015

Inference
The Index opened positive above 8400 and stayed positive throughout the entire session of trade making a high of 8458.90 but closed lower at 8421.80, gain of 46.75 points. The broader market was positive, with 970 advances to 533 declines. The range at the start of series comes to 8200-8800.
  • Call option 8000-9100 added huge 37.14 lacs OI.
  • Put option 9000-7900 added huge 32.79 lacs OI.
  • Nifty Open Interest is at 1,66,04,575 up by 39,87,025, with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 19,23,975 up by 7,01,000, with increase in price, 100% rollover with long build-up.
  • FII’s sold 2.16 lacs Futures, which includes 195958 contracts long liquidation and 211268 contracts short covering, with decrease in net OI by 407226 contracts (includes 163642 longs to 172297 shorts for the day) and the Average Price comes to 8817.48.
  • FII’s Index future open contract as on date is 463279 Longs to 126029 Shorts, Net Long 337250 contracts.
  • Initial support at 8400, with OI of 21.58 lacs and below that at 8200 with OI of 36.48 lacs.
  • Initial resistance at 8500, with OI of 23.02 lacs and above that at 8800 with OI of 28.19 lacs.
  • Day Range as per Option Table is 8362 - 8494 and as per VIX is 8354 - 8489 with 8430 as the Pivot.
India VIX : 15.33 down by 0.55 points
Call OI : 22498200
Put OI : 20705200
PCR OI : 0.920
SMR : 16.66 (Neutral : Start of a new series, and the Bears have a slight edge with PCR below 1, though the best support is coming up around 8200...)