Benchmark share indices ended lower on Thursday, shrugging of better-than-expected November industrial production data, with Infosys leading the decline after the software major cut its dollar revenue growth guidance for fiscal 2012 because of the debt crisis in Europe. The 30-share Sensex ended down 138.35 points at 16,037.51 and the 50-share Nifty ended down -29.70 points at 4,831.25.

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 4700-5000. 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 Futures shut stop at 4867.90 down by -4.40 points or -0.09 %. It is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 4900 else below support level of 4771 it would be in a downward trend.