MAX Pain @ 7500. Pivots = Daily Futures @ 7607, Hourly spot @ 7550, LTF @ 7566. So the Expiry might be between 7550 and 7600.
LTF - FLAG with Resistance at 7608- If broken can goto 7650, 7700 - LONG in progress
Hourly - FLAG with Resistance at 7635, if broken goto 7750, 7850 - Which does not seem probable in my opinion - SELL in Progress.
MAX OI @ 7500-7700 - Same as Yesterday
MAX COI @ 7500-7600 - Reason why it did not cross 7600.
In JUL-14 Series, the MAX OI is at 7500-8000. Going by this I think it would be a BUY around 7500.