Nifty Futures Updates
Nifty index closed 5047.85 with the gain of 181.85 or 3.74%. The Nifty Sept future finally settles at with a gain 170.40 pts or 3.49% above at 5048.60 and decreased 3809000 shares in the open interest. The Nifty future turned to the premium of 0.75 from 12.20 where as cost of carry is 55.32% vs.8.76%. Nifty future has closed at 5048.60 and now next logical resistance is at 5135 and 5355 levels, and good support near 4910 and 4815 levels.
Bank Nifty Updates
Bank Nifty index closed at 9516.85 with the gain of 541.80 pts or 6.04%. The Bank Nifty Aug future finally settles at gain of 532.20 pts or 5.94% above at 9490.80 and decreased 304400 shares in the open interest. The Bank Nifty future came to a discount of 26.05 from 16.45 earlier, whereas cost of carry is -3.00 vs -11.93. Bank Nifty futures have closed at 9490.80 and now next logical resistance is at 9605 and 1050 levels, and good support near 8910 and 8820 levels.
Options Updates
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5100 and 5000.
On the put options front we have seen addition of open interest in the last trading week at strike price of 4700 and 4800.
OI Chart Analysis: In coming trading sessions market may trade in a range of 4700-5200. The call option strike price with the maximum number of open interest i.e. 5100 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 4800 will act as major support level.
Nifty index closed 5047.85 with the gain of 181.85 or 3.74%. The Nifty Sept future finally settles at with a gain 170.40 pts or 3.49% above at 5048.60 and decreased 3809000 shares in the open interest. The Nifty future turned to the premium of 0.75 from 12.20 where as cost of carry is 55.32% vs.8.76%. Nifty future has closed at 5048.60 and now next logical resistance is at 5135 and 5355 levels, and good support near 4910 and 4815 levels.
Bank Nifty Updates
Bank Nifty index closed at 9516.85 with the gain of 541.80 pts or 6.04%. The Bank Nifty Aug future finally settles at gain of 532.20 pts or 5.94% above at 9490.80 and decreased 304400 shares in the open interest. The Bank Nifty future came to a discount of 26.05 from 16.45 earlier, whereas cost of carry is -3.00 vs -11.93. Bank Nifty futures have closed at 9490.80 and now next logical resistance is at 9605 and 1050 levels, and good support near 8910 and 8820 levels.
Options Updates
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5100 and 5000.
On the put options front we have seen addition of open interest in the last trading week at strike price of 4700 and 4800.
OI Chart Analysis: In coming trading sessions market may trade in a range of 4700-5200. The call option strike price with the maximum number of open interest i.e. 5100 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 4800 will act as major support level.
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