On the call options front addition of open interest was witnessed in the last trading week at strike price of 5200 and 5400.

On the put options front we have seen addition of open interest in the last trading week at strike price of 4700 and 4800.

OI Chart Analysis: In coming sessions market may trade in a range of 4800-5200. The call option strike price with the maximum number of open interest i.e. 5200 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 4700 will act as major support level.

Nifty index closed at 5059.45 with the gain of 19.45 or 0.38 %. The Nifty Sept future finally settles at with a gain of 8.90 pts or 0.17% higher at 5043.00 and increased 2, 19,750 shares in the open interest. The Nifty future premium turned to the discount of 16.45 from 5.90 whereas cost of carry is -27.84 vs. -42.04. Nifty future has closed at 5043.00 and now next logical resistance is at 5175 and 5235 levels, and good support near 4995 and 4920 levels.

The stock had an up rally this week. it managed to cross its resistance levels and made a high of 149.50, as expected. one should now wait for sometime in the stock as it is expected to remain volatile in terms of price movements.

R - 151.50

S - 130