Volume decreasing , divergence seen in RSI, OI is high at 30 ce and 24 pe in August series. It will travel between given Chanel. If it give breakout or breakdown, then next move is depending on OI on put or call side.
It will move between the given channel if market is not fall. The open interest is in August is going to build up at 50 and then 60. If market will give support, then open interest is going to shift up side i.e at 65.
If It break 60 with volume then next target is 65 may be in next month. Open interest at 60 is high in this month series.