Today Market closed with little movement, It seems bullish for next session if it manage resistance level of 5566 otherwise it would be bearish of level 5450. Sustaining below 5400 it will crash down to 5385 level.

Nifty Resistance - It would be 5566 -5625

Nifty Support - It would be 5450 - 5400

On the call options front we can see that accumulation of open interest is seen at strike price of 5500 and 5600 though nominal shredding was witnessed at these two strikes in last trading session.

On the put options front we have seen addition of open interest at strike price of 5500, 5400 and 5300.

In Feb. Series addition of open interest on the calls front is existent at strike price of 5600 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest on the puts front is existent at strike price of 5400-5300 indicating it as immediate support zone on the downside.