Nifty Futures Today
Nifty Futures shut stop at 4844 up by 3.5 points . It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5050 else 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 5350 mark.
SUPPORT: It has first support close to the level of 4750 & below this level the next support is seen near 4600 mark.
Options Trend for 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 4500 and 4800.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the June Series. In coming sessions market may trade in a range of 4500-5000. 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.4500 and 4800 may act as a support on the downside.
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Nifty Futures shut stop at 4844 up by 3.5 points . It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5050 else 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 5350 mark.
SUPPORT: It has first support close to the level of 4750 & below this level the next support is seen near 4600 mark.
Options Trend for 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 4500 and 4800.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the June Series. In coming sessions market may trade in a range of 4500-5000. 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.4500 and 4800 may act as a support on the downside.
Get the live Nifty Stock Tips, Options Tips, Stock tips for Tomorrow. Fill the form & Get Live Stock Tips for today.
