The Nifty future shut shop at 5412.35 gaining 62.90 pts or 1.18 percent. Nifty future increased 12,34,100 shares in open interest, spot and futures converged due to expiry, from premium of 0.50, whereas cost of carry is 0.00 vs. +3.41, down 100.00 percent. On the options front the OI PCR has ended at 0.93 vs. 0.81 whereas the Volume PCR at 0.97 vs. 0.85. On the Volatility Front the Indian Volatility Index has ended at 19.18% vs. 20.66% losing 7.16 %.

Nifty Resistance -  for Tomorrow Nifty first resistance is 5420, after this level nifty may break second resistance level of 5530.

Nifty Support - Nifty kooking bearish from the first support level of  5350, & second level of 5300.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 to 5700.

On the put options front we have seen addition of open interest in last trading session at strike price of 5400 to 5200.

OI Chart Analysis: From the OI Chart we can see that in the June Series market may trade in a range of 5200-5700. On the call option front strike price with the highest open interest i.e 5500 to 5700 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e 5400 to 5200 may act as a support on the downside.

The stock is currently consolidating; it has support at 363, breach of this level may take the stock further down while it has resistance at 376.50, crossing of this level may take the stock upward. One has to wait for crossing of levels on either side.

Resistance - 375.50

Support - 364

The stock had a sharp upward movement during the trading hours. The stock broke its resistance at 1840 and marked a high of 1949. The stock is highly bullish and a further up movement can be seen in the stock once it breaks its resistance level. The resistance for the stock is 1950.

Resistance - 1950

Support - 1800