The Nifty witnesses heavy sell off, however it breaches last week low….
NIFTY SPOT: 11222.20 (-2.46%)
DYNAMIC PARAMETER: Nifty formed Big Bearish candle.
Resistance: 11320 (Intraday Resistance) / 11450 (Key Resistance)
Support: 11218 (Day Low) / 11185 (Swing Low)
BROADER MARKET: UNDERPERFORMED MIDCAP 16693 (-4.06%), SMALLCAP 5741 (-4.17%)
AdvanceDecline: 282/ 1590
VIEW: Bearish till below 11618 (Swing High)
BANKNIFTY SPOT: 21290.10 (-3.36%)
DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern.
Resistance: 21600 (Intraday Resistance) / 22000 (Key Resistance)
Support: 21274 (Day Low) / 20926 (Swing Low)
VIEW: Bearish till below 22755 (Swing High)
* Nifty September Futures ended 259.15 points down @ 11256.10 with a premium of 5.55 points.
* Nifty futures open interest decreased by 16.63 lakh shares with September series total open interest stands at 0.82 crore shares.
* Nifty 11500 call has highest OI, whereas 10500 put holds the highest OI and Banknifty 22500 call has highest OI and 20500 put has highest OI.
* Nifty 11500 call saw addition of 20.91 lakh shares in OI, whereas 11500 put saw unwinding of 13.10 lakh shares In OI.
* India VIX ended 10.67% up @ 22.19 against the previous close of 20.05
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