Today Nifty closed with red eye because of political drama, it cloased with some recovering. Nifty seems to bearish for the level of 5375, otherwise it would be manage bullish trend for the level of 5622.

Nifty Resistance - It would be 5622 to 5715

Nifty Support - It would be 5400 & next is 5335

On the call options front we can see that accumulation of open interest is seen at strike price of 5400, 5500, 5800 and 5700. On the put options front we have seen addition of open interest at strike price of 5100 and 5200. Shredding of open interest on the put options at strike price of 5500, 5600 and 5400 was witnessed in last trading session.

In March Series addition of open interest on the calls front is existent in the band at strike price of 5500-5700 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5400-5300 indicating it as immediate support zone on the downside.