Thursday, June 30, 2016

Option Open Interest for 30-06-2016

Inference
The index opened strong around 8260 and stayed strong on the back of short covering to scale 8300 but closed just below at 8287.75, gain of 83.75 points. The broader market was strong with 1040 advances to 528 declines. Range at the start of the series at 8000-8500.
  • Call option 7700-8800 added huge 53.10 lacs OI with short covering at 8200 strike price.
  • Put option 8400-7500 added huge 55.39 lacs OI.
  • Nifty Open Interest is at 1,14,94,350 up by 32,05,950, with increase in price, probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 11,51,200 up by 3,43,280, with increase in price, probably rollover with huge short covering.
  • FII’s bought huge 46802 contracts of Index Futures, which includes net 4415 contracts long build-up and 55304 contracts short covering, with decrease in net OI by 50889 contracts, includes 128184 longs to 81382 shorts for the day.
  • FII’s Index future open contract as on date is 178422 Longs to 36525 Shorts, Net long 141897 contracts.
  • Initial support at 8200, with huge OI addition of 10.85 lacs and below that at 8100 with OI of 25.25 lacs.
  • Initial resistance at 8400, with OI of 29.28 lacs and above that at 8500 with OI of 38.02 lacs.
  • Day Range as per Option Table is 8204 - 8359 and as per VIX is 8217 - 8358 with 8279 as the Pivot.
India VIX : 16.29 up by 0.13 points
Call OI : 28083975
Put OI : 27092850
PCR OI : 0.9647
SMR : 16.89 (Bullish : The OI table at the start of the series is NEUTRAL with a basic range of 8000-8500, though price bias stays Bullish...)