Sunday, July 31, 2016

Option Open Interest for 29-07-2016

Inference
The index opened flat but stayed weak for most part of the day and closed weak at 8638.50, loss of 27.80 points. The broader market was negative with 716 advances to 911 declines. Range at the start of series stays at 8500-9000.
  • Call option 8700-9300 added 19.23 lacs OI with short covering at 8600 and below strike prices.
  • Put option 8700-8000 added 19.31 lacs OI with short covering at 8900 strike price.
  • Nifty Open Interest is at 2,21,76,150 up by 3,23,775, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 17,27,880 up by 19,520, with decrease in price, most probably short build-up.
  • FII’s bought 1452 contracts of Index Futures, which includes net 2491 contracts long build-up and 1039 contracts short build-up, with increase in net OI by 3530 contracts, includes 31026 longs to 29574 shorts for the day.
  • FII’s Index future open contract as on date is 251608 Longs to 33864 Shorts, Net long 217744 contracts.
  • Initial support at 8600, with OI of 26.20 lacs and below that at 8500 with OI of 39.09 lacs.
  • Initial resistance at 8700, with OI of 27.34 lacs and above that at 8800 with OI of 32,61 lacs.
  • Day Range as per Option Table is 8574 - 8697 and as per VIX is 8571 - 8706 with 8647 as the Pivot.
India VIX : 14.92 down by 0.23 points
Call OI : 30827850
Put OI : 27004500
PCR OI : 0.8760
SMR : 17.03 (Neutral to Bullish : PCR still way below 1, though price action suggests some consolidation within the 8500-8700 range for the next course of action...)