Does Nokia Lumia 535 support OTG cable?

No, Nokia Lumia 535 doesn't have the OTG feature so you can't connect any pen drive using OTG cable.
By the way, this product is called Microsoft Lumia 535 and not Nokia Lumia 535.

Nokia Lumia 535 does not have OTG support. So you can't connect any pen drive using OTG cable to it.

I would first like to grab your attention that the phone is Microsoft Lumia 535 and not Nokia Lumia 535.

As far as my knowledge goes, this smartphone does not support OTG cable. However, it is an excellent phone at the price range at which it is offered. This phone runs on Windows 8.1 operating system, has 5MP primary camera and 5MP secondary camera also. If you are looking for a good smartphone at a price below Rs.10000, then you can surely go for Microsoft Lumia 535 without any doubt.

For complete specifications & features and the latest price check out Microsoft Lumia 535 on Flipkart

Microsoft Lumia 535 does not include OTG support. There are mixed reviews for this device. As its the first phone after Microsoft acquired Nokia, everyone is eager to know about the device. The phone is powered by 1.3 GHz Quad core cortex A7 processor and has excellent primary and secondary camera, both 5 MP. It has a internal storage capacity of 8 GB and 1 GB RAM. Lumia 535 runs on Microsoft Windows Phone 8.1. It is a good choice for people looking for phones under RS 10,000.