Tuesday, June 21, 2016

Option Open Interest for 21-06-2016

Inference
The index opened positive around 8255, but saw profit booking from the onset to close near the lows at 8219.90, loss of 18.60 points. The broader market was negative with 751 advances to 813 declines. Range for the series now at 8000-8400.
  • Call option 8400-8700 added 7.11 lacs OI with short covering at 8300 and below strike prices.
  • Put option 8200-8000 added 8.10 lacs OI with profit booking at 7900 and 7600 strike prices.
  • Nifty Open Interest is at 1,68,94,200 down by 5,84,025, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 17,78,880 down by 13,080 with decrease in price, probably long liquidation.
  • FII’s sold 9697 contracts of Index Futures, which includes net 6382 contracts long liquidation and 3315 contracts short build-up, with decrease in net OI by 3067 contracts, includes 14461 longs to 24158 shorts for the day.
  • FII’s Index future open contract as on date is 178738 Longs to 57055 Shorts, Net long 121683 contracts.
  • Initial support at 8200, with OI of 39.57 lacs and below that at 8100 with OI of 58.34 lacs.
  • Initial and best resistance at 8300, with OI of 60.97 lacs and above that at 8400 with OI of 59.05 lacs.
  • Day Range as per Option Table is 8159 - 8288 and as per VIX is 8146 - 8294 with 8226 as the Pivot.
India VIX : 17.26 down by 0.26 points
Call OI : 41336950
Put OI : 53941025
PCR OI : 1.3049
SMR : 13.23 (Bullish : Though the index closed in Red, there is still no visible weakness in OI table with strong support at 8100-8000 range, resistance at 8300-8400...)