Sunday, August 2, 2015

Option Open Interest for 31-07-2015

Inference
The Index opened positive around 8456 and stayed positive throughout the entire session of trade making newer highs with each passing hour to close near the top at 8532.85, huge gain of 111.05 points. The broader market was positive, with 892 advances to 615 declines. The range at the start of series stays at 8200-8800.
  • Call option 8600-9100 added huge 13.03 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8600-7900 added huge 33.43 lacs OI with small profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,72,58,700 up by 6,54,125, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,21,850 up by 97,875, with increase in price, most probably huge long build-up.
  • FII’s bought huge 11.50 lacs Futures, which includes 40463 contracts long build-up and 5543 contracts short covering, with increase in net OI by 34920 contracts (includes 105490 longs to 59484 shorts for the day) and the Average Price comes to 8924.43.
  • FII’s Index future open contract as on date is 503742 Longs to 120486 Shorts, Net Long 383256 contracts.
  • Initial support at 8500, with huge OI addition of 6.78 lacs and below that at 8400 with OI of 30.83 lacs.
  • Initial resistance at 8600, with OI of 19.98 lacs and above that at 8700 with OI of 28.66 lacs.
  • Day Range as per Option Table is 8447 - 8587 and as per VIX is 8468 - 8598 with 8510 as the Pivot.
India VIX : 14.57 down by 0.76 points
Call OI : 23660925
Put OI : 24661075
PCR OI : 1.042
SMR : 13.98 (Bullish : The PE writers took control of the OI table at the start of the series with huge support developing around 8400-8200 level, resistance of note around 8700...)