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Key Highlights:

NIFTY maintains Higher Top Higher Bottom formation on daily charts….

NIFTY SPOT: 15197.70 (0.15%)

DYNAMIC PARAMETER: NIFTY formed Doji candle pattern.

TRADING ZONE: Resistance: 15256 (Day High)/ 15336 (March 2021 high)

Support: 15145 (Day Low) / 14985 (2 Day Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 25584 (0.67%), SMALLCAP 9179 (1.00%)

Advance-Decline: 1189 / 760

VIEW: Bullish till above 14884 (Swing Low).

BANKNIFTY SPOT: 34943.60 (0.97%)

DYNAMIC PARAMETER: Index formed Doji candle pattern

TRADING ZONE:

Resistance: 35216 (Day High) / 35540 (Key Resistance)

Support: 34750 (Key support level) / 34528 (Day Low)

VIEW: Bullish till above 33273 (Swing Low).

Key Highlights:

* Nifty May Futures ended 3.55 points down @ 15202.65 with a premium of 4.95 points.

* Nifty futures open interest decreased by 5.15 lakh shares with May series total open interest stands at 0.94 crore shares.

* Nifty 15500 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 37000 call has highest OI and 33000 put has highest OI.

* Nifty 15300 call saw addition of 13.57 lakh shares in OI, whereas 15200 put saw addition of 8.72 lakh shares In OI.

* India VIX ended 0.26% down @ 19.13 against the previous close of 19.08

Technical Snapshot

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