On the call options front we have seen addition of open interest in September series at strike price of 6100. On the put options front we have seen addition of open interest in September Series at strike price of 5900 and 6000.

OI Concentration Chart Interpretation: From the OI Chart we can see that in September Series addition of open interest on the calls front is seen at strike price of 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.

The Nifty closed at 5980.45. Nifty future (Sep.) closed at 5994.10 i.e. at a premium of 13.65 points vs. 19.10 points and added 393650 shares in open interest. The Nifty future (Oct.) closed at 6007.30 i.e. at a premium of 26.85 points vs. 35.75 points and added 732850 shares in open interest.

The Nifty future prices ended in the green terrain along with overall addition of open interest and slight decline in the cost of carry, this is an indication of some shorts being built at higher levels.

Click Here to get Free Stock Tips On Mobile - Free Stock Tips