Nifty Future was volatile in last trading session and faced difficulty to sustain at higher levels. Nifty Future closed below 5700 level. Now it may take some correction below 5630 level in coming trading sessions. One should adopt the strategy of selling at higher levels. Support is at 5624/5540 while resistance is at 5755/5885 levels. The Nifty Index ended in the red territory in last trading session. It closed below its 5700 mark at 5691.05. On the derivatives front we have seen that the Nifty Futures prices ended in the red territory along with an overall addition of open interest and decline in the cost of carry, this is an indication of short built up in the markets at higher levels. On the options front the OI PCR is trading below the level of 1 at 0.88. The Indian Volatility Index (VIX) closed at 21.09 losing 1.72% indicating that volatility is less in the markets.

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5621 & below this level the next support is seen near 5540 mark.

RESISTANCE: It has first resistance close to the level of 10745 & above this level the next resistance is seen near the 10955 mark.

SUPPORT: It has first support close to the level of 10530 & below this level the next support is seen near 10385 marks.