Wednesday, July 6, 2016

Option Open Interest for 05-07-2016

Inference
The index opened positive around 8379 but saw profit booing from the onset to close weak near the lows of the day at 8335.95, loss of 34.75 points. The broader market was negative with 707 advances to 890 declines. Range for the series at 8200-8700.
  • Call option 8300-8700 added 14.18 lacs OI with profit booking at 8800 and above strike prices.
  • Put option 8600-8100 added 9.37 lacs OI with profit booking at 8000 strike price.
  • Nifty Open Interest is at 1,89,27,300 down by 1,51,500, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 18,66,400 down by 65,680, with decrease in price, probably long liquidation.
  • FII’s bought 2016 contracts of Index Futures, which includes net 2636 contracts long build-up and 620 contracts short build-up, with increase in net OI by 3256 contracts, includes 17020 longs to 15004 shorts for the day.
  • FII’s Index future open contract as on date is 191354 Longs to 42005 Shorts, Net long 149349 contracts.
  • Initial support at 8300, with OI of 30.65 lacs and below that at 8200 with OI of 44.16 lacs.
  • Initial resistance at 8400, with OI of 32.25 lacs and above that at 8500 with OI of 42.40 lacs.
  • Day Range as per Option Table is 8276 - 8410 and as per VIX is 8269 - 8403 with 8346 as the Pivot.
India VIX : 15.36 down by 0.22 points
Call OI : 32811525
Put OI : 36338025
PCR OI : 1.1075
SMR : 13.87 (Bullish : Small profit booking saw the index close in RED, but best support has moved up towards 8200 for the series, resistance stays at 8500...)