Options Tips
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 addition of open interest has been seen in last trading session at strike price of 4700 and 4800.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 4950-5250. 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.
Nifty Futures
The 30-share Sensex ended at 16863.30 down 370.68 points or 2.15 % and the 50-share Nifty ended at 5,087.30 down 117.40 points or 2.26 %. The Sensex and the Nifty reached an intra-day low of 16,828.33 levels and 5076.70 marks, respectively. On the global front, Asian stocks slumped for the first time in four days before a meeting of Europe's leaders to discuss the euro-zone sovereign-debt crisis. Hang Seng, Kospi, Nikkei and Strait Times fell between 1-2%. However, Taiwan Index gained by nearly 2%.
Nifty Futures shut stop at 5105 down by -107.80 points or -2.07 %. It is expected to be bearish in today's trading session if it manages to trade below the support level of 5100 else above resistance level of 5200 it would be in an upward trend.
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 addition of open interest has been seen in last trading session at strike price of 4700 and 4800.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 4950-5250. 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.
Nifty Futures
The 30-share Sensex ended at 16863.30 down 370.68 points or 2.15 % and the 50-share Nifty ended at 5,087.30 down 117.40 points or 2.26 %. The Sensex and the Nifty reached an intra-day low of 16,828.33 levels and 5076.70 marks, respectively. On the global front, Asian stocks slumped for the first time in four days before a meeting of Europe's leaders to discuss the euro-zone sovereign-debt crisis. Hang Seng, Kospi, Nikkei and Strait Times fell between 1-2%. However, Taiwan Index gained by nearly 2%.
Nifty Futures shut stop at 5105 down by -107.80 points or -2.07 %. It is expected to be bearish in today's trading session if it manages to trade below the support level of 5100 else above resistance level of 5200 it would be in an upward trend.
Resistance: 5200 - 5250
Support: 5100 - 5030
Support: 5100 - 5030
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