Live Options Trend
On the call options front addition of open interest was witnessed in last trading session at strike price of 5000 and 5100.
On the put options front we have seen addition of open interest in last trading session at strike price of 4800 and 4700.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the May Series. In coming sessions market
may trade in a range of 4700-5100. On the call option front strike price with the highest open interest i.e. 5000 and 5100 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.4700 and 4800 may act as a support on the downside.
On the put options front we have seen addition of open interest in last trading session at strike price of 4800 and 4700.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the May Series. In coming sessions market
may trade in a range of 4700-5100. On the call option front strike price with the highest open interest i.e. 5000 and 5100 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.4700 and 4800 may act as a support on the downside.
Nifty Futures TodayThe Nifty closed at 4,831.80, down 28.70 points, or 0.59 percent. It touched an intraday high of 4,853.75 and a low of 4,803.95 today.
The BSE Midcap Index was down 0.44 percent and the BSE Smallcap Index moved 0.52 percent lower. Nifty Futures shut stop at 4810 down by 31.20 points . It is looking bearish in the coming trading session if it below support level of 4750 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 4950 & above this level the next resistance is seen near the 5150 mark.
SUPPORT: It has first support close to the level of 4750 & below this level the next support is seen near 4700 mark.
Ranbaxy TodayRANBAXY is showing positive biasness. Today it gave upside movement and is expected to advance further in the near term with the breaking of resistance level of 507. Support is at the level of 485 below which it may show negative movement.
TaTa Motors Today
The stock remains range bound and ends on negative note . the stock is now facing resistance level of 266 and support level of 259. In upcoming session the stock can show downside movement on chart if it breaches its support level.
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The BSE Midcap Index was down 0.44 percent and the BSE Smallcap Index moved 0.52 percent lower. Nifty Futures shut stop at 4810 down by 31.20 points . It is looking bearish in the coming trading session if it below support level of 4750 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 4950 & above this level the next resistance is seen near the 5150 mark.
SUPPORT: It has first support close to the level of 4750 & below this level the next support is seen near 4700 mark.
Ranbaxy TodayRANBAXY is showing positive biasness. Today it gave upside movement and is expected to advance further in the near term with the breaking of resistance level of 507. Support is at the level of 485 below which it may show negative movement.
TaTa Motors Today
The stock remains range bound and ends on negative note . the stock is now facing resistance level of 266 and support level of 259. In upcoming session the stock can show downside movement on chart if it breaches its support level.
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