In today’s trading session, the stock showed downside movementand closed on negative note . The stock is trading below its 50 period moving averages. It now has next resistance level at 1050 and support level at 955. In upcoming session, it may show downward movement.

BANK OF BARODA went up at starting, then showed some corrections during trading session. It closed with moderate gain. The stock has resistance at level 664 and it has support level at 626. As short term trend is bearish but some recovery can be seen if it manages to sustain at resistance level.

BHEL showed downward movement and closed on negative note. The stock is trading belowe its 50 period moving averages. The stock has now resistance level at 274 and may take support from the level of 196. It may go downside in upcoming session.

Today COAL INDIA consolidated with downward movement throughout the trading session ending on a negative note. It is now having support at the level of 303 on which the stock is likely to sustain in the upcoming session. Beyond the resistance level of 313 one may see slight positive movement.

Options Trend

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

of 5200 and 5300.

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

4800 and 4900.

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 4800-5200. On the call option front strike price with the highest open interest i.e. 5200 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.4800 and 4900 may act as a support on the downside.

Nifty Futures shut stop at 4853 down by 89.25 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 5005 & 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 4750 mark.

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Options Trend

On the call options front addition of open interest was witnessed in last trading session at strike price
of 5200 and 5300.

On the put options front we have seen addition of open interest in last trading session at strike price of 4800 and 4900.

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 4800-5200. On the call option front strike price with the highest open interest i.e. 5200 and 5300 may act as resistance on the up side whereas on the put option front strike price with the.

Nifty Futures Updates
Nifty Futures shut stop at 4939 down by 50.75 points . It is looking bearish in the coming trading session if it below support level of 4850 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5005 & above this level the next resistance is seen near the 5150 mark.
SUPPORT: It has first support close to the level of 4850 & below this level the next support is seen near 4850 mark.

Today ASIAN PAINTS opened on a negative note, but after some consolidation witnessed a sharp rise ending with a net profit of almost 74 points. Above the resistance level of 3744 it is expected to rise further. Support is at the level of 3620.

BANK OF BARODA traded with negative biasness during trading session and closed with a loss of 3.71%. The stock has resistance at level 657 and it has support level at 615. As short term trend is bearish but some recovery can be seen if it manages to sustain at resistance level.

The stock showed volatile movement and showed some correction but closed on positive note.The stock is facing support level at 301 and breach of this level may take the stock at further lower levels. The resistance level exists at 337.

The stock showed downside movement . The stock is trading above its 50 period moving averages. As the stock closed on negative note a further downside movement can be seen below its support level.

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Options Market for 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

5000 and 5100.

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 5000-5400. 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.

The Sensex ended at 16,933.76, up 102.68 points, or 0.61 percent. It touched an intraday high of 16,944.13 and a low of 16,513.77.

The Nifty closed at 5,114.15, up 27.30 points, or 0.54 percent. It touched an intraday high of 5,124.74 and a low of 4,988.

Nifty Futures shut stop at 5138 up by 40.55 points . It is looking bullish abovfe the resistance level 5200.

RESISTANCE: It has first resistance close to the level of 5305 & above this level the next resistance is seen near the 5450 mark.

SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4900 mark.