Options Market for Today
On the call options front addition of open interest was witnessed in last trading session at strike price of
5300 and 5400.
On the put options front we have seen addition of open interest in last trading session at strike price of
5000 and 5100.
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 5000-5400. On the call option front strike price with the highest open interest i.e. 5300 and 5400 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.5000 and 5100 may act as a support on the downside.
Nifty For Today
The Sensex ended at 16,933.76, up 102.68 points, or 0.61 percent. It touched an intraday high of 16,944.13 and a low of 16,513.77.
The Nifty closed at 5,114.15, up 27.30 points, or 0.54 percent. It touched an intraday high of 5,124.74 and a low of 4,988.
Nifty Futures shut stop at 5138 up by 40.55 points . It is looking bullish abovfe the resistance level 5200.
RESISTANCE: It has first resistance close to the level of 5305 & above this level the next resistance is seen near the 5450 mark.
SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4900 mark.
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