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 5200 and 5300.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 5200-5500. On the call option front strike price with the highest open interest i.e. 5500 and 5600 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e.5200 and 5300 may act as a support on the downside highest open interest i.e.5200 and 5300 may act as a support on the downside

The Sensex gained as traders remained positive on the advance taxes that domestic companies are due to file by March 15. Data on advance tax is expected to hint at improved corporate earnings for Q4 March 2012. Further, on Wednesday, March 14, Minister for Railways, Dinesh Trivedi would be presenting the Railway Budget for the financial year 2012-2013.

Nifty Futures shut stop at 5468.40 up by 79.65 points or 1.48 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5480 else below support level of 5310 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5480 & above this level the next resistance is seen near the 5520 mark.

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5200 mark.