Nifty support seen at 5400: An analysis

By Reema Tendulkar, Research Analyst at CNBC-TV18

Market cues

The Nifty closed down 75 points at 5,463 on Monday on volatile oil prices. Political uncertainty is a key concern for markets.

Interest rate sensitives were under pressure. Focus remains on crude prices.

Nifty support is seen at 5400 while resistance seen at 5650, say experts

Fund flows

FIIs were net sellers of Rs 92 crore while DIIs were net buyers of Rs 45.5 crore in cash markets on March 7, as NSE's provisional data.

F&O highlights

March Futures closed at 12 points premium. Major action was seen in Nifty 5600 Call. Nifty 5400 Call added 7.8 lakh shares in open interest (OI).

Ashok Leyland added 7.4 lakh shares in OI. However, IDFC shed 7.5 lakh shares in OI, Unitech shed 21 lakh shares in OI and Jaiprakash Associates shed 10.4 lakh shares in OI.

F&O cues

Total Futures' open interest was down by Rs 887 crore while total Options' open interest was down by Rs 588 crore. Total Stock Futures added 44 lakh shares in OI.

Nifty Futures shed 19 lakh shares in Open Interest. Nifty Open Interest PCR fell to 1.26 from 1.27. Total Puts shed 12.3 lakh shares in Open Interest while total Call shed 4.8 lakh shares in Open Interest.

Nifty 5600 Call shed 20.5 lakh shares in Open Interest while Nifty 5500 put shed 6.5 lakh shares in Open Interest. Nifty 5600 put shed 5.2 lakh shares in OI and Nifty 5000 put shed 2.34 lakh shares in OI.

Nifty 5400 call added 7.8 lakh shares in OI, Nifty 5500 call added 4.1 lakh shares in OI and Nifty 5800 call added 2.5 lakh shares in OI. Nifty April 5000 put added 1.1 lakh shares in OI.