Markets ended with losses after recovering from the day's low in afternoon trades. A recovery in European markets and buying in IT stocks helped the Nifty to recover around 122 points from the day's low of 4758.85. Nifty Futures shut stop at 4844.30 down by 26.40 points or -0.54 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 4880 else below support level of 4750 it would be in a downward trend.

R - 4885, 5075

S - 4750, 4765

On the call options front addition of open interest was witnessed in last trading session at strike price of 5000 and 5200.

On the put options front we have seen addition of open interest in last trading session at strike price of 4800 and 4900.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4800-5200. On the call option front strike price with the highest open interest i.e 5000 and 5200 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 4800 and 4900 may act as a support on the downside.