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 5200 and 5300.
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 5200-5500. 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.5200 and 5300 may act as a support on the downside highest open interest i.e.5200 and 5300 may act as a support on the downside

The Sensex gained as traders remained positive on the advance taxes that domestic companies are due to file by March 15. Data on advance tax is expected to hint at improved corporate earnings for Q4 March 2012. Further, on Wednesday, March 14, Minister for Railways, Dinesh Trivedi would be presenting the Railway Budget for the financial year 2012-2013.

Nifty Futures shut stop at 5468.40 up by 79.65 points or 1.48 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5480 else below support level of 5310 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5480 & above this level the next resistance is seen near the 5520 mark.

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5200 mark.

Option Trading Strategy 

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 5200 and 5300.

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 5200-5500. 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.5200 and 5300 may act as a support on the downside.

During the day, the NSE Nifty had touched the day's high at 5421.90 and the day's low at 5327.30.
Nifty Futures shut stop at 5389 up by 24.85 points or 0.46 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5340 else above resistance level of 5440 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5520 mark.
SUPPORT: It has first support close to the level of 5340 & below this level the next support is seen near 5200 mark.

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

5200 and 5300.

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 5200-5500. 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

The markets slumped over 1.5% in trades on Monday, over political uncertainty ahead of Uttar Pradesh Assembly election results, scheduled to be announced tomorrow. The BSE Sensex slipped 274.12 points to 17,362.87 and the S&P CNX Nifty ended down 79.05 points at 5,280.35.

Nifty Futures shut stop at 5318.55 down by -77.95 points or -1.44 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5290 else above resistance level of 5380 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5380 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5290 & below this level the next support is seen near 5230 mark.

Options Trading Tips

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 5200 and 5300.

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 5200-5600. 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. 5200 and 5300 may act as a support on the downside.

Nifty Futures Updates for TodayMarkets ended 1% down on Thursday as disappointing third quarter GDP growth, the slowest pace in nearly three years, weighed on investor sentiment. The losses were led by financial and index heavyweights. The Sensex closed at 17,583.97 down -168.71 points and the Nifty closed at 5,339.75 down -45.45 points.

Nifty Futures shut stop at 5390.75 down by -48.75 points or -0.90 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5430 else below support level of 5300 it
would be in a downward trend.

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

5200 and 5300.

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 5200-5600. 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. 5200 and 5300 may act

as a support on the downside.

Markets closed on a flat note amid growth concern after the government released the dismal set of GDP numbers. The Sensex provisionally closed at 17,752.68 up 21.56 points and the Nifty closed at 5385.20 up 9.70 points. Earlier in the day, the markets opened on a firm note and the Sensex touched the high of 18,001.35 in the morning trades.The GDP growth of 6.1% in the third quarter this fiscal, lowest in more than 2 years due to poor performance of the manufacturing, mining and farm sectors was not in line with the street expectations and dampened the investor sentiment. Post this announcement selling pressure was visible in capital goods, FMCG, banking and IT stocks.

Nifty Futures shut stop at 5435 down by -6.50 points or -0.12 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5520 else below support level of 5399 it would be in a downward trend.