Thursday, June 30, 2016

Option Open Interest for 30-06-2016

Inference
The index opened strong around 8260 and stayed strong on the back of short covering to scale 8300 but closed just below at 8287.75, gain of 83.75 points. The broader market was strong with 1040 advances to 528 declines. Range at the start of the series at 8000-8500.
  • Call option 7700-8800 added huge 53.10 lacs OI with short covering at 8200 strike price.
  • Put option 8400-7500 added huge 55.39 lacs OI.
  • Nifty Open Interest is at 1,14,94,350 up by 32,05,950, with increase in price, probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 11,51,200 up by 3,43,280, with increase in price, probably rollover with huge short covering.
  • FII’s bought huge 46802 contracts of Index Futures, which includes net 4415 contracts long build-up and 55304 contracts short covering, with decrease in net OI by 50889 contracts, includes 128184 longs to 81382 shorts for the day.
  • FII’s Index future open contract as on date is 178422 Longs to 36525 Shorts, Net long 141897 contracts.
  • Initial support at 8200, with huge OI addition of 10.85 lacs and below that at 8100 with OI of 25.25 lacs.
  • Initial resistance at 8400, with OI of 29.28 lacs and above that at 8500 with OI of 38.02 lacs.
  • Day Range as per Option Table is 8204 - 8359 and as per VIX is 8217 - 8358 with 8279 as the Pivot.
India VIX : 16.29 up by 0.13 points
Call OI : 28083975
Put OI : 27092850
PCR OI : 0.9647
SMR : 16.89 (Bullish : The OI table at the start of the series is NEUTRAL with a basic range of 8000-8500, though price bias stays Bullish...)


Wednesday, June 29, 2016

Option Open Interest for 29-06-2016

Inference
The index opened strong and stayed strong with a small dip towards 8158 being bought with ease to close above 8200 at 8204.00, gain of 76.15 points. The broader market was strong with 1176 advances to 396 declines. Expiry week range is at 8000-8300.
  • Call option 8300 added 9.65 lacs OI with short covering at 8200 and below strike prices.
  • Put option 8300-8000 added 27.24 lacs OI with profit booking at 7900 and lower strike prices.
  • Nifty Open Interest is at 81,96,750 down by 25,58,250, whereas next series added 32.06 lacs with increase in price, probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 10,34,670 down by 2,56,500, whereas next series added 3.43 lacs with increase in price, probably rollover with huge long build-up.
  • FII’s bought 11185 contracts of Index Futures, which includes net 12818 contracts long build-up and 1633 contracts short build-up, with increase in net OI by 14451 contracts, includes 79174 longs to 67989 shorts for the day.
  • FII’s Index future open contract as on date is 174007 Longs to 91829 Shorts, Net long 82178 contracts.
  • Initial support at 8200, with huge OI addition of 16.94 lacs and below that at 8100 with OI of 56.84 lacs.
  • Initial and best resistance at 8300, with OI of 70.00 lacs and above that at 8400 with OI of 55.29 lacs.
  • Day Range as per Option Table is 8118 - 8273 and as per VIX is 8135 - 8273 with 8191 as the Pivot.
India VIX : 16.16 down by 1.57 points
Call OI : 39699300
Put OI : 54171150
PCR OI : 1.3645
SMR : 11.84 (Bullish : The OI table has turned Bullish on the eve of expiry within the range of 8100-8300, with 8300 in sight if short covering seen...)

Tuesday, June 28, 2016

Option Open Interest for 28-06-2016

Inference
The index opened flat but saw some buying interest to stay positive for the entire session of trade to close well above 8100 at 8127.85, gain of 33.15 points. The broader market was strong with 1043 advances to 530 declines. Expiry week range is at 8000-8300.
  • Call option 8200-8300 added 10.75 lacs OI with profit booking at 8400 and above strike prices.
  • Put option 8100 added 7.82 lacs OI with profit booking at 8000 and lower strike prices.
  • Nifty Open Interest is at 1,07,55,000 down by 13,63,500, whereas next series added 24.17 lacs with increase in price, probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 12,91,170 down by 3,61,560, whereas next series added 3.26 lacs with increase in price, probably rollover with small short covering.
  • FII’s sold 12331 contracts of Index Futures, which includes net 2728 contracts long build-up and 15059 contracts short build-up, with increase in net OI by 17787 contracts, includes 90913 longs to 103244 shorts for the day.
  • FII’s Index future open contract as on date is 161189 Longs to 90196 Shorts, Net long 70993 contracts.
  • Initial support at 8100, with OI of 47.96 lacs and below that at 8000 with OI of 71.67 lacs.
  • Initial resistance at 8200, with OI of 55.28 lacs and above that at 8300 with OI of 60.35 lacs.
  • Day Range as per Option Table is 8041 - 8205 and as per VIX is 8052 - 8203 with 8120 as the Pivot.
India VIX : 17.73 down by 0.80 points
Call OI : 43763925
Put OI : 52873200
PCR OI : 1.2081
SMR : 14.68 (Neutral : June has turned out to be range bound and the boundaries at 8000-8300 stays till expiry, though the bias for the time being has turned bullish...)


Monday, June 27, 2016

Option Open Interest for 27-06-2016

Inference
The index opened weak around 8039 but saw smart recovery to the highs of the day at 8120.65 but closed flat for the day at 8094.70, gain of 6.10 points. The broader market was strong with 1221 advances to 337 declines. Expiry week range is at 8000-8300.
  • Call option 8100-8400 added 18.07 lacs OI with profit booking at 8500 and above strike prices.
  • Put option 8100-8000 added 13.49 lacs OI with short covering at 8200 and above strike prices.
  • Nifty Open Interest is at 1,21,18,500 down by 13,17,525, whereas next series added 22.88 lacs with no change in price, probably 100% rollover with huge long/short build-up.
  • Bank Nifty Open Interest is at 16,52,730 down by 1,12,140, whereas next series added 2.06 lacs with increase in price, probably 100% rollover with long build-up.
  • FII’s sold 4822 contracts of Index Futures, which includes net 12451 contracts long build-up and 17273 contracts short build-up, with increase in net OI by 29724 contracts, includes 76416 longs to 81238 shorts for the day.
  • FII’s Index future open contract as on date is 158461 Longs to 75137 Shorts, Net long 83324 contracts.
  • Initial and best support at 8000, with highest OI of 73.81 lacs and below that at 7900 with OI of 43.38 lacs.
  • Initial resistance at 8100, with OI of 40.29 lacs and above that at 8200 with OI of 49.59 lacs.
  • Day Range as per Option Table is 8002 - 8175 and as per VIX is 8016 - 8173 with 8085 as the Pivot.
India VIX : 18.53 down by 0.10 points
Call OI : 44754125
Put OI : 52766025
PCR OI : 1.1790
SMR : 15.72 (Bearish : A small Technical bounce and Consolidation saw the index close in green, but OI table is starting to look weak, though best support at 8000...)


Sunday, June 26, 2016

Option Open Interest for 24-06-2016

Inference
The index opened weak around 8029 on the back of unfavourable Britain referendum and went on to touch the lows at 7927, but closed much higher at 8088.60, still a huge loss of 181.85 points. The broader market was also weak with 337 advances to 1241 declines. Going in to expiry week the range has expanded to 7800-8400.
  • Call option 7900-8200 added huge 42.97 lacs OI with profit booking at 8300 and above strike prices.
  • Put option 7900-7600 added 12.53 lacs OI with huge short covering at 8000 and above strike prices.
  • Nifty Open Interest is at 1,34,36,025 down by 24,52,125, whereas next series added 7.95 lacs with decrease in price, probably small rollover with huge long liquidation.
  • Bank Nifty Open Interest is at 17,64,870 down by 60,540, whereas next series added 0.41 lacs with decrease in price, probably rollover with some liquidation.
  • FII’s sold 30614 contracts of Index Futures, which includes net 30941 contracts long liquidation and 327 contracts short covering, with decrease in net OI by 31268 contracts, includes 81801 longs to 112415 shorts for the day.
  • FII’s Index future open contract as on date is 146010 Longs to 57864 Shorts, Net long 88146 contracts.
  • Initial and best support at 8000, with highest OI of 65.86 lacs and below that at 7900 with OI of 49.09 lacs.
  • Initial resistance at 8100, with huge OI addition of 20.46 lacs and above that at 8200 with OI of 44.06 lacs.
  • Day Range as per Option Table is 7962 - 8143 and as per VIX is 8010 - 8167 with 8039 as the Pivot.
India VIX : 18.63 up by 0.61 points
Call OI : 43794275
Put OI : 53299875
PCR OI : 1.2171
SMR : 15.31 (Bearish : BREXIT took the wings out of the Bull Run, but they still managed to close comfortably above 8000, major weakness only on a close below the level...)

Thursday, June 23, 2016

Option Open Interest for 23-06-2016

Inference
The index opened flat and stayed in a narrow range but saw huge buying interest in the second half to close strong at 8270.45, gain of 66.75 points. The broader market though was weak with 618 advances to 954 declines. Range for the series still at 8000-8400.
  • Call option 8400-8800 added 20.47 lacs OI with short covering at 8300 and below strike prices.
  • Put option 8400-7500 added 36.41 lacs OI with profit booking at 8000 strike price.
  • Nifty Open Interest is at 1,58,88,150 up by 3,27,450, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 18,25,410 up by 24,630 with increase in price, probably long build-up.
  • FII’s bought 4816 contracts of Index Futures, which includes net 6030 contracts long build-up and 1214 contracts short build-up, with increase in net OI by 7244 contracts, includes 37493 longs to 32677 shorts for the day.
  • FII’s Index future open contract as on date is 176951 Longs to 58191 Shorts, Net long 118760 contracts.
  • Initial support stays at 8200, with OI of 42.08 lacs and below that at 8100 with OI of 58.73 lacs.
  • Initial resistance at 8300, with OI of 53.28 lacs and above that at 8400 with OI of 65.54 lacs.
  • Day Range as per Option Table is 8188 - 8317 and as per VIX is 8192 - 8348 with 8248 as the Pivot.
India VIX : 18.02 down by 0.17 points
Call OI : 42901750
Put OI : 58864100
PCR OI : 1.13721
SMR : 13.13 (Bullish : Market participant have poised themselves for a favourable #BREXIT result with PE writers adding huge at 8300-7500, Resistance range 8300-8400...)


Wednesday, June 22, 2016

Option Open Interest for 22-06-2016

Inference
The index opened flat to negative around 8214, and stayed mostly weak for the major part of the day to close at 8203.70, loss of 16.20 points. The broader market was weak with 513 advances to 1057 declines. Range for the series now at 8000-8400.
  • Call option 8200-8700 added 6.64 lacs OI with short covering at 8100 and below strike prices.
  • Put option 8000-7700 added 9.17 lacs OI with short covering at 8200 and above strike prices.
  • Nifty Open Interest is at 1,55,60,700 down by 13,33,500, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 18,00,780 up by 21,900 with increase in price, probably long build-up.
  • FII’s sold 7739 contracts of Index Futures, which includes net 7817 contracts long liquidation and 78 contracts short covering, with decrease in net OI by 7895 contracts, includes 24116 longs to 31855 shorts for the day.
  • FII’s Index future open contract as on date is 170921 Longs to 56977 Shorts, Net long 113944 contracts.
  • Initial support stays at 8200, with OI of 35.96 lacs and below that at 8100 with OI of 54.78 lacs.
  • Initial and best resistance at 8300, with OI of 62.68 lacs and above that at 8400 with OI of 59.78 lacs.
  • Day Range as per Option Table is 8136 - 8263 and as per VIX is 8126 - 8282 with 8198 as the Pivot.
India VIX : 18.19 up by 0.93 points
Call OI : 42494175
Put OI : 53899700
PCR OI : 1.2684
SMR : 14.34 (Bullish : Going into #BREXIT, the OI table is perfectly poised within the range of 8000-8400; an Expiry for next week can happen around one of the extremes...)


Tuesday, June 21, 2016

Option Open Interest for 21-06-2016

Inference
The index opened positive around 8255, but saw profit booking from the onset to close near the lows at 8219.90, loss of 18.60 points. The broader market was negative with 751 advances to 813 declines. Range for the series now at 8000-8400.
  • Call option 8400-8700 added 7.11 lacs OI with short covering at 8300 and below strike prices.
  • Put option 8200-8000 added 8.10 lacs OI with profit booking at 7900 and 7600 strike prices.
  • Nifty Open Interest is at 1,68,94,200 down by 5,84,025, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 17,78,880 down by 13,080 with decrease in price, probably long liquidation.
  • FII’s sold 9697 contracts of Index Futures, which includes net 6382 contracts long liquidation and 3315 contracts short build-up, with decrease in net OI by 3067 contracts, includes 14461 longs to 24158 shorts for the day.
  • FII’s Index future open contract as on date is 178738 Longs to 57055 Shorts, Net long 121683 contracts.
  • Initial support at 8200, with OI of 39.57 lacs and below that at 8100 with OI of 58.34 lacs.
  • Initial and best resistance at 8300, with OI of 60.97 lacs and above that at 8400 with OI of 59.05 lacs.
  • Day Range as per Option Table is 8159 - 8288 and as per VIX is 8146 - 8294 with 8226 as the Pivot.
India VIX : 17.26 down by 0.26 points
Call OI : 41336950
Put OI : 53941025
PCR OI : 1.3049
SMR : 13.23 (Bullish : Though the index closed in Red, there is still no visible weakness in OI table with strong support at 8100-8000 range, resistance at 8300-8400...)


Monday, June 20, 2016

Option Open Interest for 20-06-2016

Inference
The index opened weak around 8116, but saw huge buying interest to be back in green within the first hour of trade to close strong at 8238.50, gain of 68.25 points. The broader market though was positive with 875 advances to 677 declines. Range for the series now at 8000-8400.
  • Call option 8400-8500 added 10.41 lacs OI with short covering at 8200 and below strike prices.
  • Put option 8300-8100 added 23.67 lacs OI with profit booking at 8000 and below strike prices.
  • Nifty Open Interest is at 1,74,78,225 up by 4,16,925, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 17,91,960 up by 3,32,490 with increase in price, probably huge long build-up.
  • FII’s sold huge 23756 contracts of Index Futures, which includes net 5196 contracts long liquidation and 18560 contracts short build-up, with increase in net OI by 13364 contracts, includes 40071 longs to 63827 shorts for the day.
  • FII’s Index future open contract as on date is 185120 Longs to 53740 Shorts, Net long 131380 contracts.
  • Initial support at 8200, with huge OI addition of 9.10 lacs and below that at 8100 with OI of 56.82 lacs.
  • Initial and best resistance at 8300, with OI of 63.01 lacs and above that at 8400 with OI of 55.70 lacs.
  • Day Range as per Option Table is 8140 - 8277 and as per VIX is 8163 - 8314 with 8197 as the Pivot.
India VIX : 17.52 up by 0.17 points
Call OI : 40818800
Put OI : 53439800
PCR OI : 1.3092
SMR : 13.38 (Bullish : Though the index opened weak, the strong OI table pulled it back in Green with strong support now around 8100-8000 range, 8300 though the resistance could be tested sooner than latter...)

Sunday, June 19, 2016

Option Open Interest for 17-06-2016

Inference
The index opened strong and went on to make a high of 8195 within the first few minutes, but intermittent profit booking saw the index close at 8170.20, gain of 29.45 points. The broader market though was negative with 749 advances to 800 declines. Range for the series stays at 8000-8300.
  • Call option 8200-8700 added 6.36 lacs OI with short covering at 8100 strike price.
  • Put option 8300-7900 added 11.20 lacs OI with profit booking at 7800 and below strike prices.
  • Nifty Open Interest is at 1,70,61,300 up by 2,550, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 14,59,470 down by 70,020 with increase in price, probably short covering.
  • FII’s sold 8264 contracts of Index Futures, which includes net 4246 contracts long liquidation and 4018 contracts short build-up, with decrease in net OI by 228 contracts, includes 25339 longs to 33603 shorts for the day.
  • FII’s Index future open contract as on date is 190316 Longs to 35180 Shorts, Net long 155136 contracts.
  • Initial support at 8100, with OI of 46.31 lacs and below that at 8000 with OI of 78.95 lacs.
  • Initial resistance at 8200, with OI of 42.07 lacs and above that at 8300 with OI of 65.20 lacs.
  • Day Range as per Option Table is 8105 - 8231 and as per VIX is 8096 - 8244 with 8167 as the Pivot.
India VIX : 17.35 down by 0.35 points
Call OI : 41581925
Put OI : 50607575
PCR OI : 1.12171
SMR : 14.26 (Neutral : The saga continues, writers market, range with strong boundaries at 8000-8300, OI table though stays strong to neutral...)


Thursday, June 16, 2016

Option Open Interest for 16-06-2016

Inference
The index opened weak around 8180 and stayed weak for the entire session of trade dipping below 8100 but closed above at 8140.75, huge loss of 65.85 points. The broader market was weak with 542 advances to 1036 declines. Range for the series stays at 8000-8300.
  • Call option 8000-8700 added 9.95 lacs OI with small profit booking at 8400 strike price.
  • Put option 7800, 7600-7500 added 6.37 lacs OI with short covering at 8100 and above strike prices.
  • Nifty Open Interest is at 1,70,58,750 down by 15,12,825, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 15,29,490 down by 1,17,930 with decrease in price, probably long liquidation.
  • FII’s sold 7242 contracts of Index Futures, which includes net 10913 contracts long liquidation and 3671 contracts short covering, with decrease in net OI by 14584 contracts, includes 45528 longs to 52770 shorts for the day.
  • FII’s Index future open contract as on date is 194562 Longs to 31162 Shorts, Net long 163400 contracts.
  • Initial support at 8100, with OI of 45.91 lacs and below that at 8000 with OI of 74.76 lacs.
  • Initial resistance at 8200, with OI of 41.89 lacs and above that at 8300 with OI of 61.25 lacs.
  • Day Range as per Option Table is 8068 - 8201 and as per VIX is 8065 - 8216 with 8132 as the Pivot.
India VIX : 17.70 up by 0.64 points
Call OI : 41105750
Put OI : 49304450
PCR OI : 1.1995
SMR : 14.76 (Neutral : The Index is well within the 8000-8300 range for entire month with no resolution in sight, the writers are making merry...)


Wednesday, June 15, 2016

Option Open Interest for 15-06-2016

Inference
The index opened strong around 8139 and stayed strong with the index closing above the psychological level of 8200 at 8206.60, huge gain of 97.75 points. The broader market was strong with 1056 advances to 494 declines. Range for the series stays at 8000-8300.
  • Call option 8400-8500 added 8.93 lacs OI with short covering at 8100 and below strike prices.
  • Put option 8300-7400 added huge 35.21 lacs OI with short covering at 8500 and above strike prices.
  • Nifty Open Interest is at 1,85,71,575 down by 5,39,775, with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 16,47,420 up by 73,170 with increase in price, probably long build-up.
  • FII’s sold huge 10635 contracts of Index Futures, which includes net 10566 contracts long liquidation and 69 contracts short build-up, with decrease in net OI by 10497 contracts, includes 21500 longs to 32135 shorts for the day.
  • FII’s Index future open contract as on date is 205475 Longs to 34833 Shorts, Net 170642 down by 10635 contracts.
  • Initial support now at 8200, with huge OI addition of 7.36 lacs and below that at 8100 with OI of 49.47 lacs.
  • Initial and best resistance at 8300, with OI of 58.61 lacs and above that at 8400 with OI of 47.58 lacs.
  • Day Range as per Option Table is 8126 - 8250 and as per VIX is 8133 - 8280 with 8181 as the Pivot.
India VIX : 17.06 down by 0.13 points
Call OI : 39814600
Put OI : 50865725
PCR OI : 1.2776
SMR : 13.35 (Bullish : The PE writers back in action with huge addition from 8200-7500 level with 8000 OI now above 80 lacs, upside resistance stays at 8300...)

Tuesday, June 14, 2016

Option Open Interest for 14-06-2016

Inference
The index opened strong around 8134 but saw huge unwinding to the lows of the day around 8069 but closed flat at 8108.85, small loss of 1.75 points. The broader market though was strong with 974 advances to 589 declines. Range for the series stays at 8000-8300.
  • Call option 8100-8600 added 8.56 lacs OI with profit booking at 8700 and above strike prices.
  • Put option 7700-7400 added 4.58 lacs OI with short covering at 8000 and above strike prices.
  • Nifty Open Interest is at 1,91,11,350 down by 16,42,725, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 15,74,250 down by 22,680 with increase in price, probably short covering.
  • FII’s sold huge 30788 contracts of Index Futures, which includes net 31402 contracts long liquidation and 614 contracts short covering, with decrease in net OI by 32016 contracts, includes 27431 longs to 58219 shorts for the day.
  • FII’s Index future open contract as on date is 216041 Longs to 31402 Shorts, Net 181277 down by 30788 contracts.
  • Initial support still at 8100, with OI of 47.59 lacs and below that at 8000 with highest OI of 67.04 lacs.
  • Initial resistance at 8200, with OI of 39.08 lacs and above that at 8300 with OI of 60.74 lacs.
  • Day Range as per Option Table is 8046 - 8168 and as per VIX is 8036 - 8182 with 8104 as the Pivot.
India VIX : 17.19 up by 0.61 points
Call OI : 39755500
Put OI : 46881425
PCR OI : 1.1792
SMR : 14.58 (Neutral : Weakness creeping in OI table with 8100 level looking vulnerable for the time being, though broader range stays at 8000-8300...)