Nifty future had sharp fall in Monday’s trading session and closed near to its support level. Now 5700 seems to be very crucial support level . If nifty break this level we can see some more downfall fall in it. One should take position after proper breaks out. Support for Nifty future is at 5725/5670 and Resistance is at 5860/5915. The Nifty Index in last trading session once again witnessed heavy selling pressure and ended at 5762.85 losing 2.40%. On the derivatives front we have seen that the Nifty Futures prices declined along with decline in the cost of carry but witnessed addition of open interest, this is an indication of shorts being built at higher levels.

RESISTANCE: It has first resistance close to the level of 58600& above this level the next resistance is seen near the 5915 mark.

SUPPORT: It has first support close to the level of5725& below this level the next support is seen near 5670 mark.

On the call options front we have seen addition of open interest at strike price of 5800, 5900 and 6000.

On the put options front we have seen addition of open interest at strike price of 5600, 5700 and 5800 whereas shredding of open interest was seen at strike price of 5900 and 6000.

OI Chart Analysis: From the OI Chart we can see that in January Series addition of open interest on the calls front is existent at strike price of 6000-6100 indicating it as resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 5600-5700 indicating it as immediate support on the downside.

Nifty future is still trading on weak note. We can see some more corrections in it in the coming trading sessions. One should adopt a strategy of selling at higher levels in Nifty Futures. Support for nifty future is at 6000/5966 and resistance is at 6150/6208 levels. Technical The Nifty Index in last trading sessions once again ended in the red territory at 6048.25 losing nearly half a percent. On the derivatives front we

have seen that the Nifty futures prices declined along with an overall addition of open interest and rise in the cost of carry, this is an indication of some longs being built at lower levels. On the options front we have seen that the OI PCR has declined to 1.24 vs. 1.31, this is mainly seen on account of addition of open interest on the call options side whereas shredding of open interest was seen on the put side. On the volatility front the Indian Volatility Index (VIX) has once again shown a rise indicating uncertainty at higher levels.

RESISTANCE: It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6208 mark.

SUPPORT: It has first support close to the level of 6000 & below this level the next support is seen near 5966 mark.

On the put options front we have seen addition of open interest at strike price of 5900 whereas shredding of open interest was seen at strike price of 6100 and 6200.

OI Chart Analysis: From the OI Chart we can see that in January Series maximum addition of open interest on the calls front is existent at strike price of 6200-6300 indicating it as immediate resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 6000-5900 indicating it as strong support on the downside.

Nifty future had a sharp fall in last trading session and closed on a negative note. It can take some more correction in coming trading sessions. One should adopt a strategy of sell at higher level until it sustain above 6200 level . Support for nifty future is at 6068/6041 and Resistance is at 6150/6182 level. The Nifty Index in last trading session declined more than a percent and ended at 6079.80. On the derivatives front we have seen that the Nifty Futures prices have declined along with nominal shredding of open interest but rise in the cost of carry, this is an indication of long closure at higher levels. On the options front we have seen that the OI PCR has declined to 1.31 vs. 1.37 mainly on account of shredding of open interest on the puts front. On the volatility front we have seen that the Indian Volatility Index (VIX) has shown rise of nearly 5% indicating uncertainty at higher levels.

RESISTANCE: It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6182 mark.

SUPPORT: It has first support close to the level of 6068 & below this level the next support is seen near 6014 mark.

On the call options front we have seen addition of open interest at strike price of 6100 and 6200.

On the put options front we have seen addition of open interest at strike price of 6000.

In January Series maximum addition of open interest on the calls front is existent at strike price of 6200-6300 indicating it as immediate resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 6000 indicating it as strong support on the downside.

Nifty future was volatile in last trading session and moved between tight range of 6200-6130. If it breaks 6100 level we can see some more correction in it. On the upward side if it manages 6200 level we can see up move till 6300 levels. Resistance for Nifty future is at 6241/6331 and support is at 6131/6068 levels. The Nifty resisted at higher levels and closed with nominal losses of 0.20% at 6146.35. On the derivatives front we have seen that the Nifty futures prices declined along with an overall addition of open interest and decline in the cost of carry, this is an indication of some shorts being built at higher levels. On the options front we have seen that the OI PCR has declined to 1.37 levels vs. 1.41 whereas the Volume PCR has increased to 1.11 vs. 0.96. On the volatility front we have seen that the Indian Volatility Index (VIX) has shown a rise indicating uncertainty at higher levels.

RESISTANCE: It has first resistance close to the level of 6241 & above this level the next resistance is seen near the 6331 mark.

SUPPORT: It has first support close to the level of 6131& below this level the next support is seen near 6068 mark.

On the call options front we have seen addition of open interest at strike price of 6200 and 6300. On the put options front we have seen addition of open interest at strike price of 6200 and 5900, some shredding of open interest was witnessed at strike price of 6000 and 6100.

In January Series maximum addition of open interest on the calls front is existent at strike price of 6200-6300 indicating it as immediate resistance zone on the upside whereas on the put options front some shredding of open interest was witnessed at strike price of 6000-6100, but still this is likely to provide immediate support for the coming days.

The Nifty Index closed in the red territory below its 6000 mark at 5984.40. On the derivatives front we have seen that the Nifty Futures prices ended in red but witnessed rise in the cost of carry and added open interest, this is an indication of longs being built at lower levels. On the options front we have seen that the OI PCR and Volume PCR have shown a rise, this is mainly on account of addition of open interest on the puts front. The Indian Volatility Index (VIX) has shown a decline of one percent indicating buying emerging at lower levels. Nifty future saw sharp down fall in last trading session. It was not able to sustain at higher levels. One should adopt the strategy of sell at higher levels. From few trading session Nifty is moving under range of 10 days and 50 days Moving Average.

RESISTANCE: It has first resistance close to the level of 6040 & above this level the next resistance is seen near the 6093 mark.

SUPPORT: It has first support close to the level of 5945 & below this level the next support is seen near 5900 mark.

On the call options front we have seen addition of open interest at strike price of 6000 and 6100. On the put options front we have seen addition of open interest at strike price of 5900 and 6100, nominal shredding of open interest was witnessed at strike price of 5800.

OI Chart Analysis: From the OI Chart we can see that in December Series maximum addition of open interest on the calls front is existent at strike price of 6000-6100 band indicating it as Resistance on the upside whereas on the put options front addition of open interest is seen at strike price of 590 indicating it as the immediate support on the downside.

The Nifty closed at 6011.70 gaining nearly a percent. The Nifty Futures prices ended at premium of 17.35 points vs. 18.20 points. On the open interest front the Nifty Futures saw addition of open interest by 3.22%. The Nifty Futures prices rose along with addition of open interest but slight decline in the cost of carry, this is an indication of some shorting being leaping in at higher levels. On the options front the open interest PCR and the volume PCR have shown a surge, this is an indication that some put buying has been witnessed as a protection against downside.

Nifty future has strong resistance at 6060 and traded in a narrow range, and closed near to its resistance level. If nifty future sustain above 6060 level we can see some more up move to 6150 levels. One should take long position above 6060 level. Resistance for nifty future 6060/6150 and support is at 5925/5875.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.

Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5875.

Bank nifty future traded in a narrow range and consolidated but overall trend is bullish. Bank nifty future closed near to its days high. If it manages to sustain above 12670 level it can take some more up move from here. Resistance for bank nifty is at 12670/12850 and support is at the level of 12300/12185.

Resistance levels: It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.

Support: it has first support close to the level of 12185 & after it may get the next support close to the level of 12100.

On the call options front we have seen addition of open interest at strike price of 6100 and 6200. On the put options front we have seen addition of open interest at strike price of 6000, 5900 and 5800. OI Chart Analysis: From the OI Chart we can see that in December Series addition of open interest on the calls front is seen at strike price of 6100-6200 indicating it as Resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 5900-5800 indicating it as good support zone on the down side for the coming days.

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