1)Nifty facing a trailing resistance zone near 5533 as of now for the uptrend to continue.(Chart shown is 13-13 Wilders Trading system with trailing stop loss indicator).
2)Lots of 5500 calls has been written last Friday and has a higher OI when compared to 5400 put OI build up.
3)It should be noted that 5400 Calls has been slowly conquered by the call writers. Previously i.e till last Thursday 5400 Puts contracts are being occupied by Put writers and still holds a higher amount of OI but lesser than 5500 call march contracts.So Any close above 5400 on EOD basis will regain the strength of bulls
4)Also Nifty closed for the week just above the the Weekly 5 EMA(Low) – 5361line.
Possibilities of trend reversal in nifty if nifty manages to close above 5400 on EOD basis.