Nifty index closed at 4851.60 with the loss of 215.10 or -3.63%. The Nifty Sept future finally settles at with a loss 242.75 pts or -4.97% below at 4843.15 and increased 1703850 shares in the open interest. The Nifty future turned to the discount of 8.45 from premium of 19.20 where as cost of carry is -13.54% vs.10.45%. Nifty future has closed at 4643.15 and now next logical resistance is at 4850 and 4920 levels, and good support near 4500 and 4340 levels.

Bank Nifty index closed at 8171.90 with the loss of 639.20 pts or -7.25%. The Bank Nifty Aug future finally settles at loss of 703.45 pts or -7.95% below at 8139.80 and increased 292825 shares in the open interest. The Bank Nifty future came to a discount of 32.10 from premium of 32.15 earlier, whereas cost of carry is - 6.25 vs 11.31 Bank Nifty futures has closed at 8843.25 and now next logical resistance is at 8700 and 9000 levels, and good support near 7890 and 7499 levels.

On the call options front addition of open interest was witnessed in the last trading week at strike price of 5000 and 5100.

On the put options front we have seen addition of open interest in the last trading week at strike price of 4700 and 4500.

OI Chart Analysis: In coming sessions market may trade in a range of 4500-5000. 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. 4700 will act as major support level.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5000 and 5100.

On the put options front we have seen addition of open interest in last trading session at strike price of 4700 and 4800.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4600-4900. On the call option front strike price with the highest open interest i.e. 5000 and 5100 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4700 and 4800 may act as a support on the downside.

Nifty Futures shut stop at 4769 down by -116.90 points or -2.39 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4750 else above resistance level of 4950 it would be in an upward trend.

The Nifty future shut shop at 5316.20 gaining 32.95 points or 0.62 percent. Nifty future decreased 3,76,150 shares in open interest, and came to discount of 3.80 from premium of 4.95, whereas cost of carry is -3.72 vs. +4.28, down 186.92 percent. On the options front the OI PCR has ended at 1.06 vs. 1.01 whereas the Volume PCR at 0.96 vs. 0.80. On the Volatility Front the Indian Volatility Index has ended at 19.50% vs. 20.89% losing 6.65%.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5600.

On the put options front we have seen addition of open interest in last trading session at strike price of 5100 to 5200. OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the June Series. In coming sessions market may trade in a range of 5100-5600. On the call option front strike price with the highest open interest i.e 5500 and 5600 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 5100 to 5200 may act as a support on the downside.

The Nifty future shut shop at 5526.85 losing 29.30 points or 0.53 percent. Nifty future increased 1,41,600 shares in open interest, and came to premium of 3.00 from premium of 6.55, whereas cost of carry is +0.90 vs. +1.87, down 51.87 percent. On the options front the OI PCR has ended at 1.35 vs. 1.37 whereas the Volume PCR at 0.92 vs. 0.98. On the Volatility Front the Indian Volatility Index has ended at 18.58% vs. 18.03% gaining 3.05%.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5700 and 5800. On the put options front we have seen addition of open interest in last trading session at strike price of 5500 to 5400. OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the June Series. In coming sessions market may trade in a range of 5400-5800. On the call option front strike price with the highest open interest i.e 5700 and 5800 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 5500 to 5400 may act as a support on the downside.

Nifty Resistance - Nifty first resisatnce is 5580 & after first second resistance is 5630.

Nifty Support - Nifty first support is 5508, then second support is 5415.

The Nifty future shut shop at 5486.55 losing 99.80 pts or 1.82 percent. Nifty future increased 18,17,500 shares in open interest, and came to discount of 3.10 from discount of 1.75, whereas cost of carry is -7.00 vs. -1.94, up 260.82 percent. On the options front the OI PCR has ended at 0.86 vs. 0.94 whereas the Volume PCR at at 0.92 vs. 0.87. On the Volatility Front the Indian Volatility Index has ended at 21.04% vs. 19.45% gaining 8.17 %.

Nifty Seems bullish form the resistance level of 5540 form this level it can move for up trend, otherwise from the level of 5230 it seems to bearish.

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 5300 and 5200.

OI Chart Analysis: From the OI Chart we can see that in May Series addition of open interest on the calls front is existent in the band at strike price of 5400-5500 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5300-5200 indicating it as immediate support zone on the downside.

The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it.

Resistance - 235

Support - 217

The stock was consolidating during the trading hours and the major trend presently in the stock is sideways. The stock is facing resistance at 2325 and has support at 2220. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.

Resistance - 2325

Support - 2220

After a continuous downtrend in the stock the stock moved up during the trading hours and showed some recovery. The trend presently in the stock is sideways. The stock is now facing resistance at 199 and has support at 191. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.

Resisatnce - 199

Support - 191

JINDAL STEEL AND POWER is in consolidation phase and trading in tight range. The stock has resistance level at 656 and support level at 626. It is expected to consolidate with positive biasness in the coming session and above the resistance level at 656 upside movements can be expected in it.

Resistance - 656

Support - 626

The stock is currently consolidating after a steep downfall previously. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels.

Resisatnce - 1010

Support - 960

The stock had a downfall in early trading sessions of the last week and is now consolidating within tight range. One should now wait for crossing of levels on either side as it is expected to continue its consolidation for some trading session.

Resisatnce - 1298

Support - 1180

The trend presently in the stock is up and the stock was consolidating during the trading hours. The stock is now facing resistance at 471 and has support at 454. Break of resistance may take the stock further up.

Resisatnce - 474

Support - 454

The stock opened gap down and a continuous down rally was seen in the stock during the trading hours. The stock is now facing resistance at 204 and has support at 188. The trend presently in the stock is weak and break of support may take the stock further down.

Resisatnce - 204

Support - 188

The stock is currently moving in a downtrend. It today managed to breach its support level and made a low of 1357.25. now its next major support is at 1340, if it breaches this level, it may continue its bearish trend else it may also bounce from lower support levels.

Resistance - 1491

Support - 1340

Cipla is currently moving in a tight range. It has resistance level at 326.50 and support level at 313. It is expected to move within this range. One should wait for crossing of levels on either side before taking any positions in it.

Resistance - 321

Support - 301.05

The trend in the stock presently is weak and the stock moved down after breaking its support at 2272 and marked a low of 2220 during the trading hours. The stock is facing resistance at 2300 and has support at 2200. Break of support may take the stock further down. One may go for selling the stock once it breaks its support.

Resistance - 2300

Support - 2200

Jindal Steel & Power found support at 617 which served as a strong support level; from this level further downside of movement would be expected. In today's trading session it manages to trade and close below the 10 days and 50 days moving averages. It has support at 617 below this level it would be in a bearish trend else above 656 it would be bullish in trend.

Resistance - 656

Support - 642

On the derivatives front we have seen that the Nifty Futures prices closed down with an overall decrease of open interest and increase in the cost of carry, this is an indication of closure of short positions. The Nifty futures settled at 5798 down by -0.97 %. Nifty fut looking bullish for upcomig session if it break resistance level of 55850 else it seems to bearish from the support level of 5795.

RESISTANCE: It Would be 5850 & 5935.

SUPPORT: It would be 5795 & 5770 tomorrow.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5800 and 5700. On the put options front we have seen addition of open interest in last trading session at strike price of 5700 and 5500.

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 5800-6000 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5700-5500 indicating it as immediate support zone on the downside.

The Nifty April future closed -6.45 pts or -0.11 % lower at 5854.90. The Nifty future closed with the mild losses and witnessed an increased of open interest by 4.57 % and decreased in the cost of carry by -50.79 %. It indicates addition of short position and Nifty future may show some more correction in the short run.

Last week the Bank Nifty Index ended with gains of 5.05% after the Budget announcement. On the derivatives front we have seen that the Bank Nifty Futures prices ended with gains along with decline in the cost of carry and decline in open interest, this is an indication of profit booking being witnessed at higher levels. For the coming week, immediate Resistance for Bank Nifty is seen at 11300 levels, above this level the next resistance is seen at 11545 whereas on the downside support for the Index is seen at 10510/10270.

The CNX IT April future closed +43.75 pts or +0.61 % higher at 7197.05. The IT future closed with the mild gains and witnessed an increased of open interest by 34.05 % and decreased in the cost of carry by 12.95 %. It indicates some fresh positions were accumulated in the short side and so some correction can be seen in it in the short run.

On the call options front addition of open interest was witnessed in the last trading week at strike price of 6000 and 5900. On the put options front we have seen addition of open interest in the last trading week at strike price of 5700 and 5800. OI Chart Analysis: In coming sessions market may trade in a range of 5700-6000. The call option strike price with the maximum number of open interest i.e. 6000-5900 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5700-5800 will act as major support level.

NIFTY FUTURE-CMP(5910.95) is currently in BULL trend . Yesterday the trend was BEAR WITH LV In Apr series Nifty future added 0.03 lakh position in Open Interest and this accounts to 0.0109631600659 % of Total Open Interest in Apr series.The Nifty Apr series is trading at 19.2 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 0.59 lakh position in open interest and this accounts to 0.21 % of Total Open Interest in all series and cumulatively trading in average premium of 35.57 Rs to Underlying. The open interest is not increasing with trend so be careful and discount of share is also increasing so buyer be cautious.

In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side but writing of Put is slightly increasing at 5800 level The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 701.38 lakh position and Nifty call option has added 510.8 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 18.72 crore in value and Nifty call option has added Rs 9.31 crore in value on cumulative basis.

The Nifty futures closed today with possitive trend at 5926, up with 17 points, the markets witnessed profit-booking after the near 3-month high levels scaled by the bourses yesterday. Nifty seems to be bulish for next trading session if it mangae resistance level of 6000 otherwise it would go for bearish trend form the support level of 5782.

Nifty Resistance - It would be 6000 & 6072

Nifty Support - It would be 5870 & 5770

Bank Nifty Tomorrow would be 11956 & 12050 and support would be 11728 & 11580.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5900 and 6000.

On the put options front we have seen addition of open interest in last trading session at strike price of 5700 and 5800.

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 6000-6100 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5800-5700 indicating it as immediate support zone on the downside.

The Nifty Future settled with up trend(86.65) at 5948, Nifty looking bullish for next trading session if it manage resistance level of 6072, otherwise from the support level of 5835 it would be go down.

Nifty Resistance Tomorrow - It would be 6072 & 6135

Nifty Support Tomorrow - It would be 5835 & 5770

On the call options front addition of open interest was witnessed in last trading session at strike price of 6000 and 5900.

On the put options front we have seen addition of open interest in last trading session at strike price of 5800 and 5900.

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 6000-5900 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5900-5800 indicating it as immediate support zone on the downside.

Nifty Future closed at 5699.65, it closed with up trend 0.33%, Nifty Future looking bullish for the upcoming session if it manage the resistance level of 5730 otherwise seems bearish for the support levls of 5660.

Nifty Resistance Tomorrow - It would be 5730 & 5796

Nifty support Tomorrow - It would be 5660 & 5570

Bank Nifty looking bullish from the level of 11642 & bearish from the support level of 11336.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5700 and 5800.

On the put options front we have seen addition of open interest in last trading session at strike price of 5400 and 5500.

OI Chart Analysis: From the OI Chart we can see that in Apr. Series addition of open interest on the calls front is existent in the band at strike price of 5700-5800 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5400-5500 indicating it as immediate support zone on the downside.

The Nifty Index last week once again witnessed heavy selling pressure at higher levels and ended with losses of 1.31% at 5373.70. On the derivatives front we have seen that the Nifty Futures prices ended in the red territory along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. For the coming week, support for Nifty is seen at 5310 mark, below this mark selling pressure may continue and in that case the next support range is seen at 5230/5180 whereas on the upside resistance continues to exist at 5540.

The Bank Nifty Index last week ended with nominal losses of 0.23% at 10715.90. On the derivatives front we have seen that the Bank Nifty Futures prices ended in the red territory along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. For the coming week support for Bank Nifty is seen at 10590, below this level selling pressure may continue and in that case the next support is seen near 10280/10188 whereas on the upside resistance continues to exist above the 11000 mark.

The CNX IT Index in last trading session ended with losses of 2.52% at 6552.65. On the derivatives front we have seen that the CNX IT Futures ended in the red territory along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. For the coming week, support for CNXIT is seen at 6482/6300/6140 levels whereas on the upside Resistance for the Index is seen at 6767 levels.

From the OI Concentration (Apr. Series) we can see that addition of maximum open interest on the calls front is existent at 5500-5800 indicating this range to act as resistance on the upside whereas on the put options front we can see that maximum open interest is accumulated at 5000 strike indicating this to act as major support on the downside.

Today nifty fut settled at 5529.15, up 1.50%, nifty closed with freen sign & it seems to bullish for next session if it manage to above level of 5575, else it looking bearish for the level of 5475.

Nifty resistance - It would be 5575 & 5625

Nifty Support - It would be 5475 & 5375

On the call options front addition of open interest was witnessed in last trading session at strike price of 5600 and 5700.

On the put options front we have seen some addition of open interest in last trading session at strike price of 5400, 5500.

OI Chart Analysis: From the OI Chart we can see that in March Series addition of open interest on the calls front is existent in the band at strike price of 5500-5700 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5400-5300 indicating it as immediate support zone on the downside.

Today nifty future settled at 5463, down with 1.76%. Nifty fut looking bearish for next session if it manage level of 5375, else bullish for the level of 5505.

Nifty Resistance - It would be 5505 & 5310

Nifty Support - It would be 5375 & 5310

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5700.

On the put options front we have seen some shredding of open interest in last trading session at strike price of 5400, 5500 and 5300.

OI Chart Analysis: From the OI Chart we can see that in Mar. Series addition of open interest on the calls front is existent in the band at strike price of 5500-5700 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5400-5300 indicating it as immediate support zone on the downside.