Nifty Future Trend
The Nifty closed at 5408.70. Nifty future (Sep.) closed at 5426.20 i.e. at a premium of 17.50 points vs. 7.05 points and added 165750 shares in open interest.
The Nifty future (Oct.) closed at 5428.65 i.e. at a premium of 19.95 points vs. 12.35 points and added 153400 shares in open interest.
Interpretation: The Nifty future prices ended 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 Options Trend
On the call options front we have seen addition of open interest in September series at strike price of 5400, 5500 and 5600.
On the put options front we have seen addition of open interest in September Series at strike price of 5400, 5300 and 5200.
OI Concentration Chart Interpretation: In September Series maximum
addition of open interest on the calls front is existent at strike price of 5500 & 5600 indicating it as Resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 5400 and 5200 indicating it as immediate support zone on the downside.
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