Nifty Trend - The Nifty closed at 5414.15. Nifty future (Aug.) closed at 5424.80 i.e. at a premium of 10.65 points vs. discount of 0.85 points and shredded -222150 shares in open interest.

-The Nifty future (Sep.) closed at 5432.50 i.e. at a premium of 18.35 points vs. 5.25 points and added 599050 shares in open interest.

Interpretation: The Nifty future prices ended almost flat along with an overall addition of open interest and
increase in the cost of carry, this is an indication of some longs being built at lower levels.


Stock Future & Option Trend - On the call options front we have seen addition of open interest in August series at strike price of 5400 and 5500.
-On the put options front we have seen addition of open interest in August Series at strike price of 5200, 5300 and 5400.
-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 5300 indicating it as immediate support on the downside.
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