Options Tomorrow
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in the last trading week at strike price of 5300 and 5300.
OI Chart Analysis: In coming sessions market may rade in a range of 5200-5600. The call option strike price with the maximum number of open interest i.e. 5500 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5200 will act as major support level.
Nifty Futures Tomorrow
Nifty index closed at 5381.58 with the gain of 55.74 or 1.05%. The Nifty Sept future finally settles with a gain of 52.09 pts or 0.97% above 5397.64 and increased 2726250 shares in the open interest. The Nifty future turned to the premium of 16.04 from 19.69 where as cost of carry is 7.37% vs. 9.66%. Nifty future has next logical resistance at 5559 and 5800 levels, and strong support near 5100 and 4900 levels.
Bank Nifty Tomorrow
Bank Nifty index closed at 10442.63 with the gain of 309 pts or 3.05%. The Bank Nifty Aug future finally settles with a gain of 310.35 pts or 3.06% above 10465.19 and increased 51250 shares in the open interest. The Bank Nifty future came to a premium of 22.54 from 21.19 earlier, whereas cost of carry is 10.16 vs 17.05. Bank Nifty futures has next logical resistance at 11079 and 11500 levels, and strong support near 10149 and 9700 levels.
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Option Updates
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5400 and 5300.
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 rade in a range of 5100-5500. The call option strike price with the maximum number of open interest i.e. 5500 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.
Nifty Updates
In the previous trading session Nifty index closed 5325.85 with the gain of 121.15 or 2.32%. The Nifty Sept future finally settles at with a gain 132.75 pts or 2.55% above at 5345.55 and decreased 928450 shares in the open interest. The Nifty future turned to the premium of 19.70 from 8.10 where as cost of carry is 9.66% vs. 31.73%. Nifty future has closed at 5345.55 and now next logical resistance is at 5560 and 5800 levels, and good support near 5100 and 4900 levels.
Bank Nifty Updates
In the previous trading session Bank Nifty index closed at 10133.65 with the gain of 320 pts or 3.26%. The Bank Nifty Aug future finally settles at gain of 360.90 pts or 3.68% above at 10154.85 and decreased 292025 shares in the open interest. The Bank Nifty future came to a premium of 21.20 from discount of 19.70 earlier, whereas cost of carry is 17.06 vs -24.50. Bank Nifty futures have closed at 10154.85 and now next logical resistance is at 10320 and 10530 levels, and good support near 9750 and 9500 levels.
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Market Outlook
Yesterday, Markets gained for the third straight session on Thursday led by Bharti Airtel on expectation that the telecom major could emerge as one of the major beneficiaries following today’s Supreme Court verdict. The 30-share Sensex ended above the 17,000 mark for the third straight session up 131.27 points at 17,431.85 and the 50-share Nifty ended up 34.20 points to close at 5,269.90.The Supreme Court today cancelled licences given to the telecom firms involved in 2G spectrum allocation scam.
Options Updates
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: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 5100-5400. 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 Updates
Nifty Futures shut stop at 5274.35 up by 12.20 points or 0.23 %. It is looking bullish in today's session if it manages to trade above the resistance level of 5300 else below support level of 5230 it would be in a downward trend.
Resistance: 5300 - 5360.
Support: 5230 - 5170.
Bank Nifty Updates
In banking, CNX Bank Index gained 42.95 point or 0.43 %. Amongst the banking index Canara Bank, Bank of India and IndusInd Bank lead the row.
Bank Nifty Futures shut stop at 9967.80 down by -5.05 points or -0.05 %. It is looking bullish in today's session if it manages to trade above the resistance level of 10130 else below support level of 9740 it would be in a downward trend.
Resistance: 10130 - 10320.
Support: 9740 - 9460.
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Stock Option 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 4800 and 5000.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 5100-5400. 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. 4800 and 5000 may act as a support on the downside.
Nifty Futures Today
Nifty Futures shut stop at 5269.75 up by 46.40 points or 0.89 %. It is looking bullish in today's trading session if it manages to trade above the resistance level of 5275 else below support level of 5170 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5275 & above this level the next resistance is seen near the 5360 mark.
SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5100 mark.
Bank Nifty Today
In banking, CNX Bank Index gained 29.65 point or 0.30 %. Amongst the banking index Union Bank of India, Punjab National Bank and Kotak Mahindra Bank lead the row.
Bank Nifty Futures shut stop at 9972.80 up by 20.35 points or 0.20 %. It is looking bullish in today's trading session if it manages to trade above the resistance level of 10020 else below support level of 9600 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 10020 above this level the next resistance is seen near to the level of 10200.
SUPPORT: It has first support close to the level of 9750 & below this level the next support is seen near 9460 marks.
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