Once again the Nifty manages to close above 20 Day SMA….
NIFTY SPOT: 11521.80 (0.71%)
DYNAMIC PARAMETER: Nifty formed Inside Day candle pattern.
Resistance: 11585 (Swing High) / 11650 (Key Resistance Level)
Support: 11442 (Day Low) / 11383 (3 Day Low)
BROADER MARKET: OUTPERFORMED MIDCAP 17393 (1.09%), SMALLCAP 6049 (1.53%)
AdvanceDecline: 1098 / 710
VIEW: Bullish above 11585 (Swing High)
BANKNIFTY SPOT: 22465.65 (1.65%)
DYNAMIC PARAMETER: Index formed Inside Day Candle pattern.
Resistance: 22757 (3 Day High) / 22975 (20 Day SMA)
Support: 22000 (Key Support) / 21886 (Swing Low)
VIEW: Bullish above 22975 (20 Day SMA)
* Nifty September Futures ended 75.45 points up @ 11527.40 with a premium of 5.60 points.
* Nifty futures open interest increased by 1.60 lakh shares with September series total open interest stands at 1.13 crore shares.
* Nifty 12000 call has highest OI, whereas 11000 put holds the highest OI and Banknifty 23000 call has highest OI and 20000 put has highest OI.
* Nifty 12000 call saw addition of 3.88 lakh shares in OI, whereas 11500 put saw addition of 2.01 lakh shares In OI.
* India VIX ended 2.78% down @ 20.60 against the previous close of 21.19
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