Option Today
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.
Nifty futures Trend for Today
The Nifty closed at 4,866.55, down 39.50 points or 0.81 percent. The broader index touched a high of 4,956.35 and a low of 4,849.90 in trade today.
The BSE Midcap Index was down 0.50 percent and the BSE Smallcap Index was 0.64 percent lower.
Nifty Futures shut stop at 4945.30 down by 48.60 points . It is looking bearish in the coming trading session if it below support level of 4800 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 4800 & below this level the next support is seen near 4700 mark.
Gial India today
The stock is facing strong resistance at the level of 327. Today it showed a bounce back from the same breaking its immediate support and closing on a negative note. the stock is expected to follow its major downtrend in the upcoming session. One should wait for some more consolidation in the near term. Support is at 308.
HDFC Bank
HDFC is trading sideways, sustaining at the resistance level of 654 which is likely to be crossed in the upcoming session. Immediate support is at 637. One should wait for some consolidation before cracking of the level.
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 Trend for Today
The Nifty closed at 4,866.55, down 39.50 points or 0.81 percent. The broader index touched a high of 4,956.35 and a low of 4,849.90 in trade today.
The BSE Midcap Index was down 0.50 percent and the BSE Smallcap Index was 0.64 percent lower.
Nifty Futures shut stop at 4945.30 down by 48.60 points . It is looking bearish in the coming trading session if it below support level of 4800 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 4800 & below this level the next support is seen near 4700 mark.
Gial India today
The stock is facing strong resistance at the level of 327. Today it showed a bounce back from the same breaking its immediate support and closing on a negative note. the stock is expected to follow its major downtrend in the upcoming session. One should wait for some more consolidation in the near term. Support is at 308.
HDFC Bank
HDFC is trading sideways, sustaining at the resistance level of 654 which is likely to be crossed in the upcoming session. Immediate support is at 637. One should wait for some consolidation before cracking of the level.
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