On the call options front addition of open interest was witnessed in last trading session at strike price of 5000 and 5100.

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 4600-4900. On the call option front strike price with the highest open interest i.e. 5000 and 5100 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.

Nifty Futures shut stop at 4769 down by -116.90 points or -2.39 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4750 else above resistance level of 4950 it would be in an upward trend.