Nifty may face some resistance at 5300: An analysis

Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

F&O cues

Futures Open Interest was up by Rs 404 crore while Options Open Interest up by Rs 2522 crore.

The Nifty March Futures shed 13 lakh shares in Open Interest while April Futures added 9 lakh shares in Open Interest. The Nifty Open Interest PCR increased to 1.61 versus 1.56.

Nifty Puts added 35 lakh shares in Open Interest while Nifty Calls added 5.6 lakh shares in Open Interest. Nifty 5300 Put added 18 lakh shares in Open Interest and Nifty 5200 Put added 15 lakh shares in Open Interest while Nifty 5000 Put shed 6 lakh shares in Open Interest.

Nifty 5300 Call added 9 lkah shares in Open Interest and Nifty 5500 Call added 6 lakh shares in Open Interest while Nifty 5100 Call shed 12 lakh shares in Open Interest and Nifty 5200 Call shed 7.6 lakh shares in Open Interest.

Stock Futures added 2 crore shares in Open Interest.