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.

Nifty Futures shut stop at 5414.20 down by -91.90 points or -1.67 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5510 else below support level of 5390 it

would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5510 & above this level the next resistance is seen near the 5570 mark.

SUPPORT: It has first support close to the level of 5390 & below this level the next support is seen near 5360 mark.

Ambuja cement showed both side movement but in last moved downward . As the stock closed on negative note a further downward movement can be seen in the stock once it breaks its support. One may go for selling the stock once it breaks its support level of 164.

BHEL showed negative baisness and moved downward during market. The stock is trading below its 10 period moving averages. The stock has now resistance level at 303 and may take support from the level of 275. It may move downside in upcoming session.

We provide all stock tips, live stock tips, Nifty tips. For all stock tips, live nifty tips, option tips, future tips, F&O tips Click link OR Fill the Form.