Options Tomorrow
On the call options front addition of open interest was witnessed in last trading session at strike price of
4900 and 5000. On the put options front we have seen addition of open interest in last trading session at strike price of 4500 and 4600.
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. 4900 and 5000 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4500 and 4600 may act as a support on the downside.
Nifty Tomorrow
Markets ended flat as investors turned cautious ahead of the third quarter earnings which are expected to remain muted and November industrial production data. The markets traded in a narrow range for most part of the trading session. The NSE benchmark index- Sensex ended at 16,175.86, higher by 10.77 points and the 50 share Nifty ended at 4,860.95, up 11.40 points.
Nifty Futures shut stop at 4873.40 up by 3.10 points or 0.06 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 4900 else below support level of 4770 it would be in a downward trend.
