On the derivatives front we have seen that the Nifty Futures prices closed down with an overall decrease of open interest and increase in the cost of carry, this is an indication of closure of short positions. The Nifty futures settled at 5798 down by -0.97 %. Nifty fut looking bullish for upcomig session if it break resistance level of 55850 else it seems to bearish from the support level of 5795.

RESISTANCE: It Would be 5850 & 5935.

SUPPORT: It would be 5795 & 5770 tomorrow.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5800 and 5700. On the put options front we have seen addition of open interest in last trading session at strike price of 5700 and 5500.

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 5800-6000 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 5700-5500 indicating it as immediate support zone on the downside.