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Key Highlights:

NIFTY forms Doji candlestick pattern on weekly charts continuously for two weeks….

NIFTY SPOT: 14371.90 (-1.50%)

DYNAMIC PARAMETER: Nifty closed at 3 Day Low.

TRADING ZONE: Resistance: 14515 (Key Resistance) / 14620 (Day High) Support: 14350 (4 Day Low) / 14222 (Swing Low)

BROADER MARKET: OUTPERFORMED MIDCAP 21659 (-1.22%), SMALLCAP 7348 (-0.58%)

Advance-Decline: 514 / 1391

VIEW: Bearish below 14222 (Swing Low).

BANKNIFTY SPOT: 31167.25 (-3.17%)

DYNAMIC PARAMETER: Index closed below 20 Day SMA

TRADING ZONE: Resistance: 31550 (Intraday Resistance) / 3755 (Key Resistance)

Support: 30890 (Swing Low ) / 30538 (4 Week Low)

VIEW: Bearish below 30890 (Swing Low)

Key Highlights:

* Nifty January Futures ended 218.50 points down @ 14380.15 with a premium of 8.25 points.

* Nifty futures open interest decreased by 7.82 lakh shares with January series total open interest stands at 1.13 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 32000 call has highest OI and 30000 put has highest OI.

* Nifty 14500 call saw addition of 19.90 lakh shares in OI, whereas 14600 put saw unwinding of 7.13 lakh shares In OI.

* India VIX ended 1.08% up @ 22.42 against the previous close of 22.18

Technical Snapshot

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