The Nifty future shut shop at 5526.15 losing 89.95 points or 1.60 percent. Nifty future increased 1,22,100 shares in open interest, and came to premium of 13.80 from premium of 0.95, whereas cost of carry is 5.70 vs. 0.36, up 1483.33 percent. On the options front the OI PCR is at 1.16 vs. 1.23, whereas the Volume PCR at 1.11 vs. 0.99. On the Volatility Front the Indian Volatility Index has ended at 20.83% vs. 19.69% gaining 5.79%.

Resistance -  5660 & 5600

Support -  5490 & 5330

On the call options front addition of open interest was witnessed in last trading session at strike price of 5700 and 5800.

On the put options front we have seen addition of open interest in last trading session at strike price of 5500 to 5400. OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the July Series. In coming sessions market may trade in a range of 5400-5800. On the call option front strike price with the highest open interest i.e 5700 and 5800 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 5500 to 5400 may act as a support on the downside.

MARUTI consolidated with negative biasness today and closed with overall losses. The stock has resistance level at 1180 and support level at 1130. In short term it is expected to consolidate and breaching of support levels may take it to lower levels.

R - 1180

S - 1130

The stock is currently moving short term downtrend and is expected to touch the level of 1085. It is now taking resistance at 1137 and support at 1094. One can go for short position in it at 1094 for the target of 1050.

R - 1137

S - 1054