The Nifty closed at 5991.00. Nifty future (Sep.) closed at 6002.15 i.e. at a premium of 11.15 points vs. 2.60 points and shredded -2206900 shares in open interest.
The Nifty future (Oct.) closed at 6015.75 i.e. at a premium of 24.75 points vs. 13.60 points and added 781000 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.
Stock Option Review
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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