Stock Call/Put Analysis
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 still existent at strike price of 5400-5500 indicating it as Resistance on the upside whereas on the put options front some shredding of open interest was witnessed at the 5300 strike in last trading session but still it has the highest open interest indicating this mark to act as good support on the downside.
Market Analysis
The benchmark indices have comfortably surmounted the hitherto elusive psychological levels of 18k and 5400, with the Sensex now quoting at 18069, higher by 98 points, and the Nifty placedat 5429, up 30 points. The midcap index is up 19 points at 7446 and the samllcap index is up 23 points at 9488.rading sessions it is making the horizontal trading ranges in charts.
Jindal Steel has gained 1.7% at Rs 646, JP Associates has added 1.6% at Rs 130 and Tata Steel has hardened by 1.4% at Rs 537. ACC has weakened by 1.1% at Rs 815, Maruti has shed 0.7% at Rs 1353 and ICICI Bank has lost 0.6% at Rs 897.
