NIFTY ANALYSIS
The Nifty closed at 5431.65. Nifty future (Aug.) closed at 5434.35 i.e. at a premium of 2.70 points vs. 6.70 points and added 1165800 shares in open interest.
The Nifty future (Sep.) closed at 5436.70 i.e. at a premium of 5.05 points vs. 12.30 points and added 87300 shares in open interest.
The Nifty future prices ended in positive territory along with overall addition of open interest and decline in the cost of carry, this is an indicating of some shorts being built up at higher level.
STOCK F&O ANALYSIS
On the call options front we have seen addition of open interest in August series at strike price of 5400, 5600 and 5500.
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 & 5300 indicating it as
immediate support zone on the downside.
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