Tuesday, July 19, 2016

Option Open Interest for 19-07-2016

Inference
The index opened flat at 8514 and stayed within a narrow range, but dipped to the lows of the day around 8476.70 but saw the buyer back in action to close strong at 8528.55, gain of 19.85 points. The broader market was weak with 695 advances to 906 declines. Range for the series stays at 8400-8600.
  • Call option 8400-8800 added 5.16 lacs OI with profit booking at 8900 and above strike prices.
  • Put option 8600-8300 added 10.56 lacs OI with profit booking at 8200 and below strike prices.
  • Nifty Open Interest is at 2,28,99,075 up by 5,19,375, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 23,25,600 down by 55,040, with decrease in price, probably long liquidation.
  • FII’s bought 8435 contracts of Index Futures, which includes net 9104 contracts long build-up and 669 contracts short build-up, with increase in net OI by 9773 contracts, includes 26107 longs to 17672 shorts for the day.
  • FII’s Index future open contract as on date is 275890 Longs to 48389 Shorts, Net long 227501 contracts.
  • Initial support still at 8500, with OI of 45.79 lacs and below that at 8400 with OI of 61.03 lacs.
  • Initial and best resistance at 8600, with OI of 61.25 lacs and above that at 8700 with OI of 51.91 lacs.
  • Day Range as per Option Table is 8458 - 8579 and as per VIX is 8457 - 8600 with 8515 as the Pivot.
India VIX : 15.80 down by 0.19 points
Call OI : 40889550
Put OI : 47093100
PCR OI : 1.1517
SMR : 13.72 (Bullish : The Index stays within the OI table range of 8400-8600, albeit with positive bias and can re-test 8600 in the next few days...)