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...)