Monday, June 27, 2016

Option Open Interest for 27-06-2016

Inference
The index opened weak around 8039 but saw smart recovery to the highs of the day at 8120.65 but closed flat for the day at 8094.70, gain of 6.10 points. The broader market was strong with 1221 advances to 337 declines. Expiry week range is at 8000-8300.
  • Call option 8100-8400 added 18.07 lacs OI with profit booking at 8500 and above strike prices.
  • Put option 8100-8000 added 13.49 lacs OI with short covering at 8200 and above strike prices.
  • Nifty Open Interest is at 1,21,18,500 down by 13,17,525, whereas next series added 22.88 lacs with no change in price, probably 100% rollover with huge long/short build-up.
  • Bank Nifty Open Interest is at 16,52,730 down by 1,12,140, whereas next series added 2.06 lacs with increase in price, probably 100% rollover with long build-up.
  • FII’s sold 4822 contracts of Index Futures, which includes net 12451 contracts long build-up and 17273 contracts short build-up, with increase in net OI by 29724 contracts, includes 76416 longs to 81238 shorts for the day.
  • FII’s Index future open contract as on date is 158461 Longs to 75137 Shorts, Net long 83324 contracts.
  • Initial and best support at 8000, with highest OI of 73.81 lacs and below that at 7900 with OI of 43.38 lacs.
  • Initial resistance at 8100, with OI of 40.29 lacs and above that at 8200 with OI of 49.59 lacs.
  • Day Range as per Option Table is 8002 - 8175 and as per VIX is 8016 - 8173 with 8085 as the Pivot.
India VIX : 18.53 down by 0.10 points
Call OI : 44754125
Put OI : 52766025
PCR OI : 1.1790
SMR : 15.72 (Bearish : A small Technical bounce and Consolidation saw the index close in green, but OI table is starting to look weak, though best support at 8000...)