The Nifty closed at 5959.55. Nifty future (Sep.) closed at 5971.75 i.e. at a premium of 12.20 points vs. 11.15 points and shredded -1715250 shares in open interest.

The Nifty future (Oct.) closed at 5984.85 i.e. at a premium of 25.30 points vs. 24.75 points and added 947650 shares in open interest.

Interpretation: The Nifty future prices ended in the red terrain along with shredding of open interest and increase in the cost of carry, this is an indication of long closure at higher levels.

On the call options front we have seen addition of open interest in September series at strike price of 6000 and 6100.

On the put options front we have seen addition of open interest in September Series at strike price of 6000 and 5900.

In September Series addition of open interest on the calls front is seen at strike price of 6000-6100 indicating it as Resistance on the upside whereas on the

put options front we have seen addition of open interest at strike price of 5900 indicating it as immediate support on the downside.

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