Tuesday, June 28, 2016

Option Open Interest for 28-06-2016

Inference
The index opened flat but saw some buying interest to stay positive for the entire session of trade to close well above 8100 at 8127.85, gain of 33.15 points. The broader market was strong with 1043 advances to 530 declines. Expiry week range is at 8000-8300.
  • Call option 8200-8300 added 10.75 lacs OI with profit booking at 8400 and above strike prices.
  • Put option 8100 added 7.82 lacs OI with profit booking at 8000 and lower strike prices.
  • Nifty Open Interest is at 1,07,55,000 down by 13,63,500, whereas next series added 24.17 lacs with increase in price, probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 12,91,170 down by 3,61,560, whereas next series added 3.26 lacs with increase in price, probably rollover with small short covering.
  • FII’s sold 12331 contracts of Index Futures, which includes net 2728 contracts long build-up and 15059 contracts short build-up, with increase in net OI by 17787 contracts, includes 90913 longs to 103244 shorts for the day.
  • FII’s Index future open contract as on date is 161189 Longs to 90196 Shorts, Net long 70993 contracts.
  • Initial support at 8100, with OI of 47.96 lacs and below that at 8000 with OI of 71.67 lacs.
  • Initial resistance at 8200, with OI of 55.28 lacs and above that at 8300 with OI of 60.35 lacs.
  • Day Range as per Option Table is 8041 - 8205 and as per VIX is 8052 - 8203 with 8120 as the Pivot.
India VIX : 17.73 down by 0.80 points
Call OI : 43763925
Put OI : 52873200
PCR OI : 1.2081
SMR : 14.68 (Neutral : June has turned out to be range bound and the boundaries at 8000-8300 stays till expiry, though the bias for the time being has turned bullish...)