Nifty Futures prices closed down with an overall decrease of open interest and decrease in the cost of carry, this is an indication of closure of long positions. Nifty Futures shut up at 5902.10 down by 8.85 points, Nifty seems to be bullish from the resistance level of 5975, otherwise from the support level of 5870 it would be bearish

Nifty Resistance - It would be 5975 & 6000

Nifty Support - It would be 5870 & 5770

On the call options front addition of open interest was witnessed in last trading session at strike price of 5900 and 6100.

On the put options front we have seen addition of open interest in last trading session at strike price of 5900 and 5800.

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 6000-6100 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 5900-5800 indicating it as immediate support zone on the downside.