Nifty Future saw sharp down fall in last trading session and closed near to its psychological support of 5890 levels. In Nifty Future one should adopt strategy of sell at higher level until it breaks 6100 level . If it manages to sustain below 5860 level we can see some more selling pressure in it . Support for nifty future is at 5863/5780 and resistance is at the level of 5980/6040.

On the call options front we have seen addition of open interest at strike price of 6000 and 6100. On the put options front we have seen shredding of open interest at strike price of 5900, 6000 and 5800. OI Chart Analysis: From the OI Chart we can see that in December Series addition of open interest on the calls front is seen at strike price of 6000-6100 indicating it as Resistance zone on the upside whereas on the put options front maximum open interest still is seen at strike price of 5800 indicating it as immediate support on the downside, though in last trading session shredding of open interest was witnessed on the puts front indicating caution among the put writers.

for all tips, like Nifty future tips, stock option tips, stock future tips, nifty tips for tomorrow, nifty for tomorrow,stock f&o tips visit this blog daily .OR check our stock tips page.