NIFTY OI DATA

NIFTY OI DATA
As the expiry nears here is a look at the OI positions in nifty options.
the 5300 puts have a OI of more than 80 lac indicating strong support at
5300
while the calls at 5400 have more than 75 lac OI which indicates strong
resistance.Above data indicates the possibility of expiry between
5300-5400 hence longs in April futures should be careful near 5400 while
shorts in april futures should be wary of short covering near 5300.