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Key Highlights:

NIFTY makes fresh All Time High post Union Budget 2021….

NIFTY SPOT: 14789.95 (0.97%)

DYNAMIC PARAMETER: Nifty maintained Higher Top Higher Bottom pattern.

TRADING ZONE: Resistance: 14868 (All Time High) / 15000 (Key Resistance)

Support: 14700 (Intraday Support) / 14574 (Day Low)

BROADER MARKET: OUTPERFORMED MIDCAP 22434 (1.45%), SMALLCAP 7500 (1.22%)

Advance-Decline: 1165 / 703

VIEW: Bullish till above 14336 (Gap Support).

BANKNIFTY SPOT: 34758.45 (1.43%)

DYNAMIC PARAMETER: Index made fresh All Time High

TRADING ZONE: Resistance: 34908 (All Time High) / 35100 (Key Resistance)

Support: 34500 (Intraday Support) / 34011 (Day Low)

VIEW: Bullish till above 33305 (Gap Support)

Key Highlights:

* Nifty February Futures ended 124.55 points up @ 14820.55 with a premium of 30.60 points.

* Nifty futures open interest increased by 4.52 lakh shares with February series total open interest stands at 1.01 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 35000 call has highest OI and 34000 put has highest OI.

* Nifty 14500 call saw unwinding of 1.87 lakh shares in OI, whereas 14000 put saw addition of 3.50 lakh shares In OI.

* India VIX ended 1.71% up @ 23.75 against the previous close of 23.35

Technical Snapshot

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