The Nifty future shut shop at 5572.75 losing 14.20 points or 0.25 percent. Nifty future decreased 2,93,800 shares in open interest, and came to premium of 5.70 from premium of 5.85, whereas cost of carry is 3.74 vs. 2.94, up 27.21 percent. On the options front the OI PCR is at 1.24 vs. 1.21, whereas the Volume PCR at 0.88 vs. 1.02. On the Volatility Front the Indian Volatility Index has ended at 20.20% vs. 19.95% gaining 1.25%.

Nifty Resistance - First resistance is 5610 & second is 5670.

Nifty support  - It has first support of 5545 & second is 5540.

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 July 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.