Monday, June 13, 2016

Option Open Interest for 13-06-2016

Inference
The index opened weak around 8102 and went down to the lows of the day at 8064, but saw some value buying to close just above 8100 at 8110.60, loss of 59.45 points. The broader market was weak with 590 advances to 984 declines. Range for the series at 8000-8300.
  • Call option 8100-8300 added 9.01 lacs OI with profit booking at 8400 and above strike prices.
  • Put option 8000-7400 added 8.14 lacs OI with short covering at 8100 and above strike prices.
  • Nifty Open Interest is at 2,07,54,075 down by 7.28,475, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 15,96,930 down by 1,58,400 with decrease in price, probably long liquidation.
  • FII’s sold huge 10118 contracts of Index Futures, which includes net 12252 contracts long liquidation and 2134 contracts short covering, with decrease in net OI by 14386 contracts, includes 25725 longs to 35843 shorts for the day.
  • FII’s Index future open contract as on date is 247443 Longs to 35378 Shorts, Net 212065 down by 10118 contracts.
  • Initial support at 8100, with OI of 53.25 lacs and below that at 8000 with highest OI of 71.83 lacs.
  • Initial resistance at 8200, with OI of 37.85 lacs and above that at 8300 with OI of 55.37 lacs.
  • Day Range as per Option Table is 8042 - 8168 and as per VIX is 8040 - 8181 with 8100 as the Pivot.
India VIX : 16.58 down by 0.61 points
Call OI : 39040800
Put OI : 47935325
PCR OI : 1.2278
SMR : 13.50 (Neutral : Small weakness seen in OI table though best support still around the 8100-8000 region, not much change in CE OI with best resistance at 8300...)