The Nifty future shut shop at 5744.60 gaining 107.95 points or 1.92 percent. Nifty future increased 11,65,900 shares in open interest, and came to premium of 15.65 from premium of 11.20, whereas cost of carry is 4.75 vs. 3.30, up 43.94 percent. On the options front the OI PCR is at 1.41 vs. 1.30, whereas the Volume PCR at 0.91 vs. 1.05. On the Volatility Front the Indian Volatility Index has ended at 18.62% vs. 18.34% gaining 1.53%.

Markets advanced 2% following firm global cues, sustained investment by foreign institutional investors and rally in heavyweight Reliance Industries. The S&P CNX Nifty closed at 5,728.95, up 103.50 points or 1.84 %. The Nifty futures closed and settled finally at 5745.30 up by 108.65 points or 1.93 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5600 it would be in a downward trend.

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 5600 to 5500. 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 5500-5800. 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 5600 may act as a support on the downside.

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