Nifty fut closed today at 5508.40 down with 0.60%, It seems to bulish for next trading session from the level of 5515 while it seems to bearish from the level of 5465.

Resistance of Nifty - 5515 & 5575

Support of Nifty - 5465 & 5400

On the call options front we can see that accumulation of open interest is seen at strike price of 5500 and 5700. On the put options front we have seen addition of open interest at strike price of 5400 and 5300.

OI Chart Analysis: From the OI Chart we can see that in Mar. 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.