IGI Logo

Key Highlights:

NIFTY forms Higher Top Higher Bottom formation of weekly chart

NIFTY SPOT: 14631.10 (-1.77%)

DYNAMIC PARAMETER: NIFTY sustained above 20 Day SMA.

TRADING ZONE: Resistance: 14782 (50 Day SMA)/ 14855 (Day High)

Support: 14601(Day Low) / 14500 (Key Support)

BROADER MARKET: OUTPERFORMED,

MIDCAP 24195 (-0.37%), SMALLCAP 8565 (-0.40%),

Advance-Decline: 822 / 1048

VIEW: Bearish below 14601 (Day Low).

BANKNIFTY SPOT: 32781.80 (-2.77%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern.

TRADING ZONE:

Resistance: 33010 (100 Day SMA) / 33455 (Day High)

Support: 32663 (Day Low) / 32414 (20 Day SMA)

VIEW: Bearish below 32414 (20 Day SMA)

Key Highlights:

* Nifty May Futures ended 241.45 points down @ 14690.80 with a premium of 59.70 points.

* Nifty futures open interest increased by 5.75 lakh shares with May series total open interest stands at 1 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 37000 call has highest OI and 28000 put has highest OI.

* Nifty 14800 call saw addition of 3.23 lakh shares in OI, whereas 13500 put saw addition of 3.19 lakh shares In OI.

* India VIX ended 1.20% down @ 23.03 against the previous close of 23.31

Technical Snapshot

To Read Complete Report & Disclaimer Click Here

To Know More Details Visit GEPL Capital

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer