Report for upcoming week - 16th-20th July,12
Nifty Trend
Nifty index closed 5227.25 with the loss of 89.70 pts or -1.69%. The Nifty July future finally settles at with a
loss of 86.75 pts or -1.63% down at 5240.45 and increased 340600 shares in the open interest. The Nifty
future turned to the premium of 13.20 from 10.25 earlier. Whereas cost of carry is 10.88% vs. 21.36% down 49.06%. Nifty future has closed at 5227.25 and now next logical resistance is at 5280 and 5370 levels, and good support near 5190 and 5120 levels.
Bank Nifty Trend
Bank Nifty index closed at 10594.45 with the loss of 60.90 pts or -0.57% .The Bank Nifty July futures finally settles with loss of 26.40 pts or -0.25% down at 10617.15 and decreased 180125 shares in the open interest. The Bank Nifty future came to a premium of 22.70 from discount of 11.80 earlier, whereas cost of carry is 12.81% vs -37.07%. Bank Nifty futures have closed at 10617.15 and now next logical resistance is at 10800 and 11050 levels, and good support near 10500 and 10300 levels.
Option Trend
On the call options front addition of open interest was witnessed in the last trading week at strike price of
5300 and 5400.
On the put options front we have seen addition of open interest in the last trading week at strike price of 5000
and 5100.
OI Chart Analysis: In coming sessions market may trade in a range of 5000-5400. The call option strike price 5400 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5000 will act as major support level.
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