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.