Here is Nifty Option Chain at the end of 13th Jul 11(Wed).Data is taken from nseindia.com and i have reformatted a bit. Strike prices are given in the middle in blue colour.
Data to the Left side of Strike prices pertains to CALL Options. Data to the Right side of Strike prices pertains to PUT Options.LTP Stands for Last Traded Price.
Notice the Open Interest(OI) volume build up at 5500 Put. It is more than one crore(10 million). As of now,5500 should be good support.Also 5600 Put has seen an addition of million shares.On the Call Side 5700 , 5800 Calls have highest OI Build up.
Hence it looks like Nifty would trade between 5600 to 5700 in the coming sessions.
Keep a watch on the data though. Inflation data is due on 14th Jul(Thurs). TCS results are due on 14th Jul(Thurs).Infy results were out on 12th (Tue) and they are market neutral.
Also keep an ear on Euro Zone news.
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