From the OI Chart we can see that 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.

• 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 5300, 5400, 5200 and 5100.

Nifty Trend

• The Nifty closed at 5447.10. Nifty future (Aug.) closed at 5457.55 i.e. at a premium of 10.45 points vs. discount of 7.65 points and added 298400 shares in open interest.
• The Nifty future (Sep.) closed at 5462.85 i.e. at a premium of 15.75 points vs. discount of 3.20 points and added 138200 shares in open interest.
• The Nifty future prices ended in red territory along with overall addition of open interest and increase in the cost of carry, this is an indicating of some longs being built up at lower level.

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