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 5000 and 5100.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the March Series. In coming sessions market may trade in a range of 5100- 5500. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.5000 and 5100 may act as a support on the downside

The BSE Sensex ended at 17,257.36, up 204.58 points and the Nifty ended at 5243.15, up 58.90 points.During the day, the NSE benchmark index had touched that day's high at 5277.95 and the day's low at 5164.20.

Nifty Futures shut stop at 5265.65 up by 74.35 points or 1.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5170 else above resistance level of 5300 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5300 & above this level the next resistance is seen near the 5410 mark.

SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5100 mark.