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Key Highlights:

NIFTY faces strong resistance at higher levels, however it manages to sustain above 15200 mark….

NIFTY SPOT: 15208.90 (-0.68%)

DYNAMIC PARAMETER: Nifty formed Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 15314 (Day High) / 15431 (All Time High)

Support: 15170 (Day Low) / 15081 (4 Day Low)

BROADER MARKET: OUTPERFORMED MIDCAP 23388 (0.31%), SMALLCAP 7977 (0.03%)

Advance-Decline: 922 / 977

VIEW: Bullish till above 14977 ( Previous Week Low)

BANKNIFTY SPOT: 36910.95 (-0.51%)

DYNAMIC PARAMETER: Index formed Doji Candle pattern TRADING ZONE:

Resistance: 37331 (Day High) / 37708 (All Time High)

Support: 36762 (2 Day Low) / 36405 (3 Day Low)

VIEW: Bullish till above 35428 (Previous Week Low)

Key Highlights:

* Nifty February Futures ended 123.20 points down @ 15207.05 with a discount of 1.85 points.

* Nifty futures open interest increased by 2.34 lakh shares with February series total open interest stands at 1.10 crore shares.

* Nifty 16000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 37000 call has highest OI and 37000 put has highest OI.

* Nifty 15200 call saw addition of 5.67 lakh shares in OI, whereas 15200 put saw addition of 3.56 lakh shares In OI.

* India VIX ended 1.24% down @ 21.51 against the previous close of 21.78

Technical Snapshot

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