Options Tips
On the call options front addition of open interest was witnessed in last trading session at strike price of 5200 and 5300. On the put options front addition of open interest has been seen in last trading session at strike price of 4700 and 4800.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 4950-5250. On the call option front strike price with the highest open interest i.e. 5200 and 5300 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
The 30-share Sensex ended at 16863.30 down 370.68 points or 2.15 % and the 50-share Nifty ended at 5,087.30 down 117.40 points or 2.26 %. The Sensex and the Nifty reached an intra-day low of 16,828.33 levels and 5076.70 marks, respectively. On the global front, Asian stocks slumped for the first time in four days before a meeting of Europe's leaders to discuss the euro-zone sovereign-debt crisis. Hang Seng, Kospi, Nikkei and Strait Times fell between 1-2%. However, Taiwan Index gained by nearly 2%.
Nifty Futures shut stop at 5105 down by -107.80 points or -2.07 %. It is expected to be bearish in today's trading session if it manages to trade below the support level of 5100 else above resistance level of 5200 it would be in an upward trend.
Resistance: 5200 - 5250
Support: 5100 - 5030
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Nifty Futures
In the previous trading session, Nifty Futures closed at 5212.75 up by 31.25 points or 0.60 %. Nifty Futures is expected to be bullish if it manages to trade above the resistance level of 5251 else below support level of 5171 it would be in a downward trend.
Resistance: 5251 - 5361
Support: 5171 - 5131
Bank Nifty
In the prevoius trading session, Bank Nifty Futures ended at 9803 up by -36.65 points or 0.36 %. Bank Nifty Futures is expected to be bullish if it manages to trade above the resistance level of 9951 else below support level of 9671 it would be in a downward trend.
Resistance: 9951 - 10131
Support: 9671 - 9461
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On Wednesday, the markets gained moderately, the Nifty closed above 5147 and sensex above 17,000. A slight decline in US stocks was witnessed yesterday. For Today, markets are expected to trade in the range between 5,175 - 5,205 in the upper side and 5,125 - 5065 in the lower side. If Nifty trades above 5,147 levels, then rally towards 5,200/5,245/5,300 could be seen. If Nifty does not show strength above 5,147 levels then selling pressure till 5,100/5,065/5,000 could also be seen. Traders are advised to trade long in Nifty above 5,215 levels else from 5,200 levels for targets of 5,245 and 5,275 levels with a strict stop loss placed at 5,165 levels.
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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.
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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 4700 and 4900.
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 4800-5200. 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. 4700 and 4900 may act as a support on the downside.
All nifty future tips, stock tips for tomorrow, nifty tomorrow with option tips stock future tips we provide you on mobile. For all F&O tips along with nifty tips - Click Here
