Option Trend

On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5300.

On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 4800.

OI Chart Analysis: From the OI Chart we can see the strike price that witnessed highest addition of open interest in the July Series. In coming sessions market may trade in a range of 4800-5400. On the call option front strike price with the highest open interest i.e. 5400 and 5300 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 4800 may act as a support on the downside

Nifty Futures Trend

Nifty Futures shut stop at 5305.75 up by 10.15 points or 0.19 % . It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5340 else below support level of 5270 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5340 & above this level the next resistance is seen near the 5410 mark.

SUPPORT: It has first support close to the level of 5270 & below this level the next support is seen near 5210 mark.

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