Today, markets made smart gains with all sectorial indices. The Nifty settled at 5127.10, up by 81.10 pints and Sensex ended at 16995, up by 243 points. RBI declared its decision to boost liquidity by lowering the CRR and keeping policy rates unchanged to monitor inflation and strengthen growth.

Option Tomorrow
On the call options front addition of open interest was witnessed in last trading session at strike price of 5100 and 5200.
On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 4900.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4900-5200. On the call option front strike price with the highest open interest i.e. 5100 and 5200 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 4900 may act as a support on the downside.


Nifty Tomorrow
Today, Nifty opened at 5065 and made intraday high of 5140 and low of 5048 and shut stop at 5127 up by 81.10 points. For Tomorrow, if Nifty futures trades above the level of 5105.67, then a rally towards the range between 5162.33 - 5289.67 levels could be seen on the upper side. If it fails to trade above the level of 5105.67, then a rally towards the range between 5070.33 - 4921.67 levels could also be seen on the lower side.
Resistance: 5289 - 5162.
Support: 5070 - 4922.

Bank Nifty Tomorrow
Today Banking index were the outperformers and the index gained 302.60 point or 3.16%. Canara Bank, Bank of India and State Bank of India were the biggest gainers to close in green amongst the banking index. Bank Nifty Futures settled at 9836, up by 302.60 points or 3.16%.
Bank Nifty Futures is likely to be bullish in the coming trading session if it manages to trade above the resistance level of 9947 else below the support level of 9445 it would be in a downward trend.
Resistance: 9945 - 10125.   
Support: 9445 - 9245.

The stock has moved in bullish trend throughout last week and had an up rally. its next resistance level is at 405. One could go for buying on dip strategy in the stock until it breaches the level of 387 in downside.

R - 405

S - 387

The stock moved opened gap up and then moved down during the trading hour but it managed to close on a positive note on a positive note. The trend presently in the stock is sideways. The stock is now facing resistance at 1575 and has support at 1515 which is the 50 day moving average of the stock. As the stock closed on positive note a further up movement can be seen in the stock once it breaks its resistance level.

R - 1575

S - 1515

The stock moved up during the earlier trading hour and then showed some recovery during the later trading session. The stock is now facing resistance at 1880 and has support at 1810. As the stock closed on a positive note a further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.

R - 1880

S - 1810

The stock managed to breach its support levels and made a low of 1338.65, it now has next support at 1326, breach of this level will continue the downtrend of the stock else it may also bounce back from lower support levels.

Resistance - 1410

Support - 1328

The stock has resisted at higher levels and had a steep downfall this week. One could still hold the short positions in the stock as it is expected to move till the levels of 2005-2000 in near term. One could go for sell on rise strategy until it crosses the level of 2115 in upside.

Resistance - 2115

Support - 2002

The major trend in the stock is sideways and during the trading hours the stock showed volatile movement. The resistance for the stock is 1690 and has support at 1600. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.

Resistance - 1690

Support - 1600

ICICI bank consolidated with positive biasness today. As said earlier, major trend is positive for the stock, but short term trend is not clear. The stock has resistance levels at 1127 and 1140 and it has support level at 1090. In the short term, some consolidation with positive biasness can be seen in the stock.

Resistance - 1140

Support - 1090

Tata power has continued to trade in uptrend. The stock is consolidating at the higher level and trading with the positive bias. So a decisive breakout above the level of 1260 may show some more upside in the coming trading sessions.

Resistance - 1260

Support - 1240

Sun Pharma has continued to trade in uptrend. The stock is consolidating at the higher level and trading with the positive bias. So a decisive breakout above the level of 460 may show some more upside in the coming trading sessions.

Resistance - 460

Support - 445

It is now taking support at 617 and resistance at 640 .It is looking strong on chart in today's trading session it was up by 1.73 % from this level further upside of movement would be expected. Once can go for long position in it at 640 above this level it might be in a bullish trend.

resistance - 640

Support - 617

After making a low of 1085.10 it is continuously moving in an upward trend, it is now trading at 1110.35 and it was up by 1.63 %. It has resistance at 1119 and support at 1078. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 1119 above this level it would be in a bullish

trend.

Resistance - 1119

Support - 1078

The Nifty Index in last trading session ended in the red territory at 5446.65. On the derivatives front we have seen that the Nifty Futures prices ended in the red territory along with slight addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. On the options front the OI PCR has ended at 1.25 vs. 1.33 whereas the Volume PCR has ended at 1.01 vs. 1.21. On the volatility front the Indian Volatility Index (VIX) has ended at 25.26% gaining 1.49%.

The stock has successfully taken support at lower levels and is now moving in an uptrend. One could go for buying on dip strategy in the stock till it breaches the level of 550 in downside as it is expected to continue its bullish trend.

Resistance - 590

Support - 550

The stock is being consolidating after a fall previously. It has next resistance at 233; crossing of this level may take the stock further up While it has support at 218.50, breach of this level may take the stock down.

Resistance - 233

Support - 218.50

Hero Honda is trading in uptrend. It is consolidating at the higher level and trading with the positive bias. So a decisive breakout above the level of 1575 may continue the upward rally in the coming trading sessions.

Resistance - 1575

Support - 1490