Options Trading Tips
On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5600.
On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.
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 5200-5600. On the call option front strike price with the highest open interest i.e. 5500 and 5600 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.
Nifty Futures Updates for TodayMarkets ended 1% down on Thursday as disappointing third quarter GDP growth, the slowest pace in nearly three years, weighed on investor sentiment. The losses were led by financial and index heavyweights. The Sensex closed at 17,583.97 down -168.71 points and the Nifty closed at 5,339.75 down -45.45 points.
Nifty Futures shut stop at 5390.75 down by -48.75 points or -0.90 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5430 else below support level of 5300 it
would be in a downward trend.
On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.
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 5200-5600. On the call option front strike price with the highest open interest i.e. 5500 and 5600 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.
Nifty Futures Updates for TodayMarkets ended 1% down on Thursday as disappointing third quarter GDP growth, the slowest pace in nearly three years, weighed on investor sentiment. The losses were led by financial and index heavyweights. The Sensex closed at 17,583.97 down -168.71 points and the Nifty closed at 5,339.75 down -45.45 points.
Nifty Futures shut stop at 5390.75 down by -48.75 points or -0.90 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5430 else below support level of 5300 it
would be in a downward trend.
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