Nifty was volatile and negative in todays trading, it was closed at 5282.05 or 0.61%. If it manage support level of 5206 then it would be bearish else seems bullish for level 5350.

Nifty resistance - It would be 5350 - 5140.

Nifty support - It would be 5206 - 5140

On the call options front we can see that accumulation of open interest is seen in the strike price of 5400, 5300.

On the put options front we have seen addition of open interest at strike price of 5100, 5000 whereas shredding of open interest was seen at

strike price of 5400, 5300 and 5500.

We can see that in Feb. Series addition of open interest on the calls front is existent at strike price of 5400-5500 indicating it as immediate 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 5300-5100 indicating it as immediate support zone on the downside.