Trade setup for May 31: As Nifty50 overcomes key resistance 

Nifty50 has formed a long bull candle on the daily chart with a gap-up opening, suggesting an upside breakout of its consolidation pattern at 16,400 

European shares scaled more than three-week highs on Monday as easing COVID-19 restrictions and new stimulus in China helped carry on last week's optimism. 

HDFC Securities' Shetti believes that any downward corrections are going to be short-lived and lead to 'buy on dips' opportunities in the near term. 

The next upside levels to be watched out for the index are in the 16,900-17,000 zone 

maximum call oi is accumulated at the strike price of  17,000, with 1.5 lakh contracts, and the next highest at 16,700, with more than 75,000, according to exchange data. 

Here are five stocks that saw an increase in open interest as well as price 

Click below on the Link

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