Options 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

5100 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 coming sessions market may trade in a range of 5100-5500. 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.5100 and 5200 may act as a support on the downside

Benchmark share indices ended over 1% down on Monday, amid weak European cues, on selling pressure in index heavyweight Reliance Industries along with banking and software shares.The 30-share Sensex ended down -192.83 points or 1.10 % at 17,273.37 and the Nifty dropped 60.85 points or 1.14 % to 5,257.05.
Nifty Futures shut stop at 5277.30 down by -65.40 points or 1.22 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5250 else above resistance level of 5360 it
would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5360 & above this level the next resistance is seen near the 5570 mark.
SUPPORT: It has first support close to the level of 5250 & below this level the next support is seen near 5200 mark.