Options Updates
On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.
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 5300-5560. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.
Nifty Futures Updates
Yesterday, Nifty Futures shut stop at 5448 up by 59.50 points or 1.10 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 5462 else below the support level of 5332 it would be in a downward trend.
Resistance: 5462 - 5562.
Support: 5300 - 5232.
Bank Nifty Updates
Yesterday, CNX Bank Index gained 187.50 point or 1.82 %. Union Bank of India, Kotak Mahindra Bank and HDFC Bank were the top gainers amongst the banking index.
Bank Nifty Futures settled at 10588.30 up by 246.81 points or 2.39 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 10612 else below the support level of 10282 it would be in a downward trend.
Resistance: 10612 - 10792.
Support: 10282 - 10152.
