On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.

On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 5100.

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 5000-5500. On the call option front strike price with the highest open interest i.e 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 5000 and 5000 may act as a support on the downside.

Weakness in European markets dragged markets to end in red. The Nifty opened on a weak note on global cues, and declined further on selling pressure in realty, metal and auto shares. The index finally ended down 68.65 points at 5,257.95. Nifty Futures shut stop at 5289.45 down by -57.65 points or -1.08 % %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5260 else above resistance level of 5335 it would be in an upward trend.