Sunday, July 17, 2016

Option Open Interest for 15-07-2016

Inference
The index opened flat at 8565 and went on to touch the highs of the days within the first few minutes. Profit booking saw the index dip below PDC and stayed weak to close at 8541.40, loss of 23.60 points. The broader market was weak with 532 advances to 1072 declines. Range for the series now at 8400-8700.
  • Call option 8600-9000 added 12.73 lacs OI with short covering at 8500 and below strike prices.
  • Put option 8400 added 2.43 lacs OI with profit booking at 8300 and lower strike prices.
  • Nifty Open Interest is at 2,25,19,425 up by 4,58,475, with decrease in price, probably short build-up.
  • Bank Nifty Open Interest is at 23,95,160 up by 42,000, with increase in price, probably long build-up.
  • FII’s bought 11406 contracts of Index Futures, which includes net 12790 contracts long build-up and 1384 contracts short build-up, with increase in net OI by 14174 contracts, includes 31120 longs to 19714 shorts for the day.
  • FII’s Index future open contract as on date is 257243 Longs to 50951 Shorts, Net long 206292 contracts.
  • Initial support still at 8500, with OI of 39.69 lacs and below that at 8400 with OI of 56.99 lacs.
  • Initial resistance at 8600, with OI of 52.72 lacs and above that at 8700 with OI of 52.73 lacs.
  • Day Range as per Option Table is 8486 - 8605 and as per VIX is 8471 - 8611 with 8549 as the Pivot.
India VIX : 15.64 up by 0.03 points
Call OI : 39812100
Put OI : 46121850
PCR OI : 1.1585
SMR : 13.50 (Bullish : Contraction seen in OI table with range deceasing to 8400-8700, consolidation maybe seen for the next few days, stays a buy on dips...)