The Nifty future shut shop at 5486.55 losing 99.80 pts or 1.82 percent. Nifty future increased 18,17,500 shares in open interest, and came to discount of 3.10 from discount of 1.75, whereas cost of carry is -7.00 vs. -1.94, up 260.82 percent. On the options front the OI PCR has ended at 0.86 vs. 0.94 whereas the Volume PCR at at 0.92 vs. 0.87. On the Volatility Front the Indian Volatility Index has ended at 21.04% vs. 19.45% gaining 8.17 %.

Nifty Seems bullish form the resistance level of 5540 form this level it can move for up trend, otherwise from the level of 5230 it seems to bearish.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.

On the put options front we have seen addition of open interest in last trading session at strike price of 5300 and 5200.

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 5400-5500 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 5300-5200 indicating it as immediate support zone on the downside.