The Nifty future shut shop at 5526.85 losing 29.30 points or 0.53 percent. Nifty future increased 1,41,600 shares in open interest, and came to premium of 3.00 from premium of 6.55, whereas cost of carry is +0.90 vs. +1.87, down 51.87 percent. On the options front the OI PCR has ended at 1.35 vs. 1.37 whereas the Volume PCR at 0.92 vs. 0.98. On the Volatility Front the Indian Volatility Index has ended at 18.58% vs. 18.03% gaining 3.05%.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5700 and 5800. On the put options front we have seen addition of open interest in last trading session at strike price of 5500 to 5400. OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the June Series. In coming sessions market may trade in a range of 5400-5800. On the call option front strike price with the highest open interest i.e 5700 and 5800 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 5500 to 5400 may act as a support on the downside.

Nifty Resistance - Nifty first resisatnce is 5580 & after first second resistance is 5630.

Nifty Support - Nifty first support is 5508, then second support is 5415.