Tuesday, July 26, 2016

Option Open Interest for 26-07-2016

Inference
The index opened flat and stayed in a narrow range for the better part of the day, only to see strong down move in the last 30 mins of trade to close at 8590.65, loss of 45.00 points. The broader market was weak with 538 advances to 1075 declines. Range till expiry at 8400-8700.
  • Call option 8800-9000 added 13.92 lacs OI with short covering at 8550 and below strike prices.
  • Put option 8200-8100 added 1.00 lacs OI with short covering at 8550 and above strike prices.
  • Nifty Open Interest is at 2,04,19,575 down by 10,09,875, whereas next series added 61.67 lacs with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 15,44,320 down by 2,40,040, whereas next series added 3.62 lacs with decrease in price, 100% roll-over with huge short build-up.
  • FII’s bought 5786 contracts of Index Futures, which includes net 39109 contracts long build-up and 33323 contracts short build-up, with increase in net OI by 72432 contracts, includes 130915 longs to 125129 shorts for the day.
  • FII’s Index future open contract as on date is 341320 Longs to 97921 Shorts, Net long 243399 contracts.
  • Initial support at 8500, with OI of 48.55 lacs and below that at 8400 with OI of 50.28 lacs.
  • Initial resistance at 8600, with OI of 44.88 lacs and above that at 8700 with OI of 56,42 lacs.
  • Day Range as per Option Table is 8542 - 8659 and as per VIX is 8520 - 8661 with 8604 as the Pivot.
India VIX : 15.62 down by 0.10 points
Call OI : 36488475
Put OI : 43913775
PCR OI : 1.2035
SMR : 12.98 (Bullish : The index closed back below 8600, and may see range bound move till expiry within the 8500-8650 range, no major weakness seen...)