New trading band of Nifty to be 4900-5500 - IIFL

With Friday's carnage, there has been a possible shift in the range on the downside. If Nifty stays below 5,450 for two weeks, it is likley to enter into new trading band of 4,900-5,500 for the medium term. However, on an immediate basis some upward correction is expected.

Sensex August future which shed 1260cont in open interest has seen unwinding.

On option front, BSE100 August 5,600 strike call which added 168050cont in open interest in has seen buying in yesterday trade, while put writing was seen at BSE100 August 5,00 which added 152350cont in open interest.

Source : Equity Bulls

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