Today nifty future settled at 5463, down with 1.76%. Nifty fut looking bearish for next session if it manage level of 5375, else bullish for the level of 5505.

Nifty Resistance - It would be 5505 & 5310

Nifty Support - It would be 5375 & 5310

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5700.

On the put options front we have seen some shredding of open interest in last trading session at strike price of 5400, 5500 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.