The index opened positive around 7977 but saw profit booking from the onset and went on to touch 7910, pullback if any were sold-off and the index closed at 7931.35, loss of 23.55 points. The broader market was also negative, with 761 advances to 774 declines. The range for series is at 7500-8200.
- Call option 7900-8600 added huge 19.75 lacs OI with small short covering seen at 7800 and below strike prices.
- Put option 7700-7600 added 3.14 lacs OI with small short covering seen at 8100 and above strike prices.
- Nifty Open Interest is at 1,93,42,200 down by 1,63,650, with decrease in price, most probably long liquidation.
- Bank Nifty Open Interest is at 19,10,370 down by 97,260, with decrease price, most probably long liquidation.
- FII’s sold 2.31 lacs Futures, which includes net 4612 contracts long liquidation and 4640 contracts short build-up, with increase in net OI by 28 contracts, includes 11254 longs to 20506 shorts for the day.
- FII’s Index future open contract as on date is 141011 Longs to 133068 Shorts, Net Long 7943 down by 9252 contracts.
- Initial support stays at 7900, with OI of 28.31 lacs and below that at 7500 with OI of 46.12 lacs.
- Initial and best resistance at 8000, with OI of 47.42 lacs and above that at 8100 with OI of 42.97 lacs.
- Day Range as per Option Table is 7885 - 7993 and as per VIX is 7867 - 7996 with 7940 as the Pivot.
Call OI : 41601350
Put OI : 39726875
PCR OI : 0.955
SMR : 16.22 (Bearish to Neutral : The CE writers have taken back control of the OI table with PCR volume below 1, upside if any will be sold as highest OI is at 8000CE level...)
No comments:
Post a Comment