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Published on 5/08/2020 9:41:13 AM | Source: GEPL Capital Ltd

Nifty futures open interest increased by 4.19 lakh shares with August series total open interest - GEPL Capital

Posted in Market Outlook| #GEPLCapital Ltd #Market Outlook

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Key Highlights:

The Nifty once again closes above 20 Day SMA levels….

NIFTY SPOT: 10102.85 (1.94%)

DYNAMIC PARAMETER: Nifty closed above 11100 mark

TRADING ZONE:

Resistance: 11150 (3 Day High) / 11185 (Key Resistance) Support: 10974 (20 Day SMA) / 10908 (Day Low)

BROADER MARKET: UNDERPERFORMED MIDCAP 15635 (1.08%), SMALLCAP 5133 (1.41%)

AdvanceDecline: 1186 / 626

VIEW: Bearish only below 10865 (200 Day SMA)

 

BANKNIFTY SPOT: 21487.45 (1.97%)

DYNAMIC PARAMETER: Index sustained above 21000 mark

TRADING ZONE:

Resistance: 21576 (Day High) / 21807 (3 Day High)

Support: 21027 (Swing Low) / 20621 (100 Day SMA)

VIEW: Bearish till below 22346 (5 Day High)

 

Technical Snapshot

 

Key Highlights:​​​​​​​

* Nifty August Futures ended 188.65 points up @ 11102.05 with a premium of 6.80 points.

* Nifty futures open interest increased by 4.19 lakh shares with August series total open interest stands at 1.06 crore shares.

* Nifty 11500 call has highest OI, whereas 11000 put holds the highest OI and Banknifty 22500 call has highest OI and 20000 put has highest OI.

* Nifty 11000 call saw unwinding of 2.46 lakh shares in OI, whereas 10500 put saw addition of 2.98 lakh shares In OI.

* India VIX ended 5.44% down @ 23.82 against the previous close of 25.19

 

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