The Nifty future shut shop at 5077.85 losing 21.55 points or -0.42 percent. Nifty future decreased 1084500 shares in open interest, and came to discount of 3.80 from premium of 13.45 whereas cost of carry is -29.26 vs 9.22, down 417.35 percent. On the options front the OI PCR is 1.65 vs 1.81, whereas the Volume PCR at 1.25 vs.1.12. On the Volatility Front the Indian Volatility Index has ended at 28.24 % vs.28.41% losing 0.60%.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5200 and 5300.

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

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 4700-5300. On the call option front strike price with the highest open interest i.e 5200 and 5300 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 4700 and 4800 may act as a support on the downside.