The Nifty future shut shop at 5447.40 with the losses of 41.30 pts or 0.75 percent. Nifty future increased 4,11,400 shares in open interest, and came to premium of 8.45 from discount of 10.30, whereas cost of carry is +6.30 vs. -6.84, down 192.11 percent. On the options front the OI PCR has ended at 0.89 vs. 0.96 whereas the Volume PCR at 0.88 vs. 0.87. On the Volatility Front the Indian Volatility Index has ended at 21.03% vs. 21.46% losing 2.00 %.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5600.

On the put options front we have seen addition of open interest in last trading session at strike price of 5400 and 5300.

OI Chart Analysis: From the OI Chart we can see that in May Series addition of open interest on the calls front is existent in the band at strike price of 5500-5600 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.