Nifty Trend - The Nifty closed at 5414.15. Nifty future (Aug.) closed at 5424.80 i.e. at a premium of 10.65 points vs. discount of 0.85 points and shredded -222150 shares in open interest.

-The Nifty future (Sep.) closed at 5432.50 i.e. at a premium of 18.35 points vs. 5.25 points and added 599050 shares in open interest.

Interpretation: The Nifty future prices ended almost flat 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.


Stock Future & Option Trend - On the call options front we have seen addition of open interest in August series at strike price of 5400 and 5500.
-On the put options front we have seen addition of open interest in August Series at strike price of 5200, 5300 and 5400.
-In August Series maximum addition of open interest on the calls front is existent at strike price of 5500 & 5600 indicating it as Resistance on the upside whereas on the put options front we have seen addition of open interest at strike price of 5300 indicating it as immediate support on the downside.
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Tips For Tomorrow - 

Buy BAJAJ AUTO Future Above 2648.20 SL – 2636.10 Trg- 2659, 2705.30

• FIIs were net buyers to the tune of Rs 1215 crore in F&O; net buyers of Rs 486 crore in Nifty Futures and net buyers of Rs 833 crore in Nifty Options. Nifty Open Interest PCR increased to 1.49 versus 1.45.
• Cairn India rose 4%. Its OI was down 10% and delivered volume stood at 23 lakh as against 10 lakh shares. Its 360 Call added 5.8 lakh shares in OI.
• Nifty August 5500 Put added 10 lakh shares in OI (open interest) while Nifty August 5600 Call shed 8.4 lakh shares in OI. Stock Futures added 2.4 crore shares in OI.

Market Review

Top losers on the Sensex were Reliance Infra at Rs 1,039, down 4.11%, Reliance Comm at Rs 161.50, down 3.93%, Cipla at Rs 304, down 3.63%, Jaiprakash Asso at Rs 117.50, down 2.61% and Tata Steel at Rs 516.90, down 1.93%.
Top losers on the Nifty were Suzlon Energy at Rs 52.15, down 7.62%, Cairn India at Rs 335.85, down 5.51%, Reliance Comm at Rs 161.85, down 3.72%, Reliance Infra at Rs 1,044.05, down 3.66% and Cipla at Rs 304.15, down 3.4%.
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