Nifty future traded in the range of 6057-5860 in the last two three trading session and has closed near the days high. Nifty future will face resistance at 6060 and 6150 levels. We recommend long position only above 6060 levels. Support for nifty future is at 5860/5800 levels and has resistance at 6060/6150 levels.

Resistance: It has first resistance close to the level of 6055 & after it may face the next resistance close to the level of 6101.

Support: It has first support close to the level of 5935 & after it may get the next support close to the level of 5861.

The Nifty closed at 6010. Nifty future (Nov.) closed at 6010 i.e. at a premium of 0 points vs. 0.15 points and shredded -3477850 shares in open interest.

The Nifty future (Dec.) closed at 6040.10 i.e. at a premium of 30.10 points vs. 30.55 points and added 3699400 shares in open interest.

Interpretation: The Nifty future prices ended in the positive territory along with overall over all addition of open interest and cost of carry being flat, this is an indication of some long being built at lower levels.

Resistance levels: It has first resistance close to the level of 12548 & after it may face the next resistance close to the level of 12691.

Support: It has first support close to the level of 12163 & after it may get the next support close to the level of 11921.

On the call options front we have seen addition of open interest in Dec. Series at strike price of 6100, 6200 and 6300. On the put options front we have seen addition of open interest in Dec. Series at strike price of 5900 and 6000.

OI Concentration Chart Interpretation: From the OI Chart we can see that in Dec. Series addition of open interest on the calls front is seen at strike price of  6100-6300 indicating it as the Resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 600-5900 indicating it as good support on the downside.