Option Trading Strategy 

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 5200-5500. 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.5200 and 5300 may act as a support on the downside.

During the day, the NSE Nifty had touched the day's high at 5421.90 and the day's low at 5327.30.
Nifty Futures shut stop at 5389 up by 24.85 points or 0.46 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5340 else above resistance level of 5440 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5520 mark.
SUPPORT: It has first support close to the level of 5340 & below this level the next support is seen near 5200 mark.