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...)