On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5600.

On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 5200.

OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the April Series. In coming sessions market may trade in a range of 5200-5600. On the call option front strike price with the highest open interest i.e. 5400 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.5000 and 5200 may act as a support on the downside

Nifty Futures shut stop at 5383.25 up 32.60 points or 0.61 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5410 else below support level of 5300 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5410 & above this level the next resistance is seen near the 5550 mark.

SUPPORT: It has first support close to the level of 5360 & below this level the next support is seen near 5300 mark.