Thursday, June 9, 2016

Option Open Interest for 09-06-2016

Inference
The index opened flat and saw profit booking from the morning itself to close near the lows of the day but just above 8200 at 8203.60, loss of 69.45 points. The broader market was negative with 714 advances to 828 declines. Range has contracted to 8100-8400.
  • Call option 8200-8400 added 7.54 lacs OI with profit booking at 8500 and above strike prices.
  • Put option 8100, 7500-7400 added 4.28 lacs OI with short covering at 8200 and above strike prices.
  • Nifty Open Interest is at 2,15,03,550 up by 5,550, with decrease in price, probably short build-up.
  • Bank Nifty Open Interest is at 17,97,630 down by 17,250 with decrease in price, probably long liquidation.
  • FII’s bought huge 11345 contracts of Index Futures, which includes net 8748 contracts long build-up and 2597 contracts short covering, with increase in net OI by 6151 contracts, includes 25198 longs to 13853 shorts for the day.
  • FII’s Index future open contract as on date is 258099 Longs to 41183 Shorts, Net 216916 up by 11345 contracts.
  • Initial support stays at 8200, with OI of 34.98 lacs and below that at 8100 with highest OI of 66.20 lacs.
  • Initial resistance at 8300, with OI of 51.90 lacs and above that at 8400 with OI of 49.50 lacs.
  • Day Range as per Option Table is 8160 - 8271 and as per VIX is 8136 - 8271 with 8221 as the Pivot.
India VIX : 15.67 up by 0.53 points
Call OI : 38690250
Put OI : 49907300
PCR OI : 1.2899
SMR : 12.15 (Bullish : Though the index closed in RED, but the OI table stays strong with huge support around 8100-8000 level, resistance around 8300...)