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...)