On Monday, Key share indices ended higher amid a volatile trading session and rising for the fifth straight day, led by bank and capital goods shares. The 30-share Sensex ended at 17,707.31 up 102.35 points and the 50-share Nifty ended at 5361.65 up by 35.80 points. The Sensex and the Nifty reached an intra-day high of 17,829.72 levels and 5,390.05 mark, respectively.
Options Today
On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 5200.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In today's session markets are likely to trade in a range of 5200-5500. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5000 and 5200 may act as a support on the downside.
Nifty Futures
Yesterday, Nifty Futures settled at 5366.85 up by 21.30 points or 0.40 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 5411 else below the support level of 5331 it would be in a downward trend.
Resistance: 5411 - 5441.
Support: 5331 - 5261.
Bank Nifty Today
Yesterday, in banking sector, Bank Index gained about 135.58 point or 1.34 %. Canara Bank, Union Bank of India and Bank of Baroda were the top gainers amongst the banking index.
Bank Nifty Futures settled at 10239.88 up by 85.03 points or 0.84 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 10341 else below the support level of 10151 it would be in a downward trend.
Resistance: 10341 - 10531.
Support: 10151 - 9900.
