Nifty Future Today closed at in the red mode & finally settled at 5532, Nifty seems bulish for next session if it will manage level of 5580 else looking bearish for the level of 5315.

Resistance for Nifty - It would be 5580 & 5625

Support for Nifty - It would be 5506 & 5460

On the call options front we can see that accumulation of open interest is seen at strike price of 5600, 5700 and 5800. On the put options front we have seen addition of open interest at strike price of 5500.

In March Series addition of open interest on the calls front is existent in the band at strike price of 5600-5700 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.