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F&O cues for Monday

F&O cues for Monday Nifty closed at 9,915 up 41 points, whereas BSE Sensex closed higher 124 points at 32,028, on Friday. There were 732 advances, 907 declines and 321 unchanged stocks on NSE, reflecting a negative undertone floating in the market. India VIX closed at 11.08 level, down by 2.03%.

Markets will have an July F&O expiry in the week. There will be volatile week ahead as various companies to declare their Q1FY18 earnings.

Maximum Call open interest (OI), of 67.84 lakh contracts, stands at strike price 10,000, which will act as a crucial resistance level for the index in the July series, followed by 9,900, which now holds 47.01 lakh contracts in open interest, and 10,100, which has accumulated 31.03 lakh contracts in OI.

Maximum Put OI of 64.63 lakh contracts was seen at strike price 9,800 which will act as a crucial base for the index in July series, followed by 9,500, which has accumulated 48.4 lakh contracts in Open Interest, and 9,700, which now holds 47.02 lakh contracts in Open Interest.