Nifty Future Prediction for Tomorrow

Nifty August future derivatives closed in bearish sideways trend, Change in Open interest -3.16%. The Nifty Aug series is trading at 18.7 Rs premium to Underlying. The open interest is according with the trend. at current price strike the activity tilted towards put side. Nifty Put option Open interest increased 24.42% and Nifty call option open interest increase 61.51%. We can see Nifty future Resistance at 8431.80, 8495.40 and 8533.80 if it will open above 8393.40, below this level it may take support at 8329.80, 8291.40, 8227.80.
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