Nifty Report For The Day
- The Nifty closed at 5795.55. Nifty future (Sep.) closed at 5812.00 i.e. at a premium of 16.45 points vs. 3.20 points and shredded -1432250 shares in open interest.
- The Nifty future (Oct.) closed at 5818.85 i.e. at a premium of 23.30 points vs. 7.80 points and added 217400 shares in open interest.
- Interpretation: The Nifty future prices ended in the green terrain along with overall shredding up of open interest and increase in the cost of carry, this is an indication that the market rose on account of short covering.
Stock Option Review for the Day
- On the call options front we have seen addition of open interest in September series at strike price of 5900.
- On the put options front we have seen addition of open interest in September Series at strike price of 5700 and 5800.
- In September Series addition of open interest on the calls front is seen at strike price of 5800 and 5900 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 5700 indicating it as immediate support zone on the downside.
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