Nifty Trend
The Nifty closed at 5256.15. Nifty future (July) closed at 5266.45 i.e. at a premium of 10.30 points vs. 6.45 points and added 387450 shares in open interest.
The Nifty future (Aug.) closed at 5266.90 i.e. at a premium of 10.75 points vs. 9.30 points and added 101800
shares in open interest.
The cost of carry is at +2.38% vs. +1.42%.
Interpretation: The Nifty future prices ended in the negative terrain along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built up at lower levels.
On the call options front we have seen addition of open interest at strike price of 5400, 5300 and 5500.
On the put options front we have seen addition of open interest at strike price of 5200 whereas shredding of open interest was seen at 5300.
OI Concentration Chart Interpretation: From the OI Chart we can see that in July Series maximum addition of open interest on the calls front is seen at strike price of 5400-5500 indicating it as resistance on the upside, whereas
on the put options front we have seen maximum addition of open interest at strike price of 5200 & 5000 indicating it as supports on the downside.
All Stock Futures and Options Trend For Future you can get from here
