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Key Highlights:

The Nifty respects 100 Day SMA on the daily charts.…

NIFTY SPOT: 14310.80 (-3.53%)

DYNAMIC PARAMETER: Nifty closed below previous week low.

TRADING ZONE:

Resistance: 14470 (Intraday Resistance) / 14652 (Day High)

Support: 14248 (Day Low) / 14100 (Key Support)

BROADER MARKET: UNDERPERFORMED MIDCAP 23114 (-5.68%), SMALLCAP 8084 (-5.55%)

Advance-Decline: 241 / 1740

VIEW: Bearish till below 14652 (Day High).

BANKNIFTY SPOT: 30792 (-5.10%)

DYNAMIC PARAMETER: Index closed below 100 Day SMA

TRADING ZONE:

Resistance: 31250 (Intraday Resistance) / 31698 (Day High)

Support: 30520 (Day Low) / 30000 (Key Support)

VIEW: Bearish till below 31698 (Day High)

Key Highlights:

* Nifty April Futures ended 546.15 points down @ 14343.25 with a premium of 32.45 points.

* Nifty futures open interest decreased by 1.06 lakh shares with April series total open interest stands at 1.12 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 34000 call has highest OI and 30000 put has highest OI.

* Nifty 14500 call saw addition of 5.94 lakh shares in OI, whereas 14500 put saw unwinding of 6.73 lakh shares In OI.

* India VIX ended 16.22% down @ 23.00 against the previous close of 19.79

Technical Snapshot

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