Wednesday, June 22, 2016

Option Open Interest for 22-06-2016

Inference
The index opened flat to negative around 8214, and stayed mostly weak for the major part of the day to close at 8203.70, loss of 16.20 points. The broader market was weak with 513 advances to 1057 declines. Range for the series now at 8000-8400.
  • Call option 8200-8700 added 6.64 lacs OI with short covering at 8100 and below strike prices.
  • Put option 8000-7700 added 9.17 lacs OI with short covering at 8200 and above strike prices.
  • Nifty Open Interest is at 1,55,60,700 down by 13,33,500, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 18,00,780 up by 21,900 with increase in price, probably long build-up.
  • FII’s sold 7739 contracts of Index Futures, which includes net 7817 contracts long liquidation and 78 contracts short covering, with decrease in net OI by 7895 contracts, includes 24116 longs to 31855 shorts for the day.
  • FII’s Index future open contract as on date is 170921 Longs to 56977 Shorts, Net long 113944 contracts.
  • Initial support stays at 8200, with OI of 35.96 lacs and below that at 8100 with OI of 54.78 lacs.
  • Initial and best resistance at 8300, with OI of 62.68 lacs and above that at 8400 with OI of 59.78 lacs.
  • Day Range as per Option Table is 8136 - 8263 and as per VIX is 8126 - 8282 with 8198 as the Pivot.
India VIX : 18.19 up by 0.93 points
Call OI : 42494175
Put OI : 53899700
PCR OI : 1.2684
SMR : 14.34 (Bullish : Going into #BREXIT, the OI table is perfectly poised within the range of 8000-8400; an Expiry for next week can happen around one of the extremes...)