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.

On Monday, Nifty future shut shop around 4751 losing about 8.10 points or -0.03 percent. Nifty future increased 3606450 shares in open interest, and came to a premium of 9 from 17.85 whereas cost of carry is 17.35 vs.9.52 up by 82.25%. On the options front the OI PCR is 1.24 vs.1.27, whereas the Volume PCR 0.85 vs.1.03 on the Volatility Front the Indian Volatility Index has ended at 25.68 % vs 25.46% gaining 0.86%. Key share indices ended flat on Monday, amid a volatile trading session, as investors turned cautious ahead of the third quarter (Oct-Dec) earnings that will be released this week. The 30-share Sensex ended at 15,814.72 down -34.08 points and the 50-share Nifty ended at 4,742 down -4.10 points .

Nifty Futures shut stop at 4757.70 down by -2.30 points or 0.05 %. Nifty Futures is looking bullish in the coming trading session if it would be able to manages to trade above the resistance level of 4781 else below the support level of 4681 it would be in a downward trend.