The Nifty closed at 5460.70. Nifty future (Aug.) closed at 5460.95 i.e. at a premium of 0.25 points vs. discount of 4.15 points and added 481000 shares in open interest.

The Nifty future (Sep.) closed at 5465.70 i.e. at a premium of 5 points vs. 1.25 points and added 131700 shares in open interest.

The cost of carry is at +0.08% vs. -1.62%.

Interpretation: The Nifty future prices ended in red territory but recovered from day's low along with overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels.

• On the call options front we have seen addition of open interest in August series at strike price of 5500 & 5600.
• On the put options front we have seen addition of open interest in August Series at strike price of 5400 and 5300.
• In August Series maximum addition of open interest on the calls front is existent at strike price of 5500 & 5600 indicating it as Resistance on the upside whereas on the put options front we have seen addition of open interest at strike price of 5400 indicating it as immediate support on the downside.