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Key Highlights:

After a Gap Down opening Nifty manages to sustain above 20 Day SMA….

NIFTY SPOT: 15746.50 (0.40%)

DYNAMIC PARAMETER: Index formed Indecisive candle pattern.

TRADING ZONE: Resistance: 15769 (3 Day High) / 15901 (All Time High)

Support: 15630 (20 Day SMA) / 15505 (Day Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 26705 (0.79%), SMALLCAP 9636 (0.65%)

Advance-Decline: 1223 / 738

VIEW: Bullish till above 15431 (Previous Swing High).

BANKNIFTY SPOT: 34871.30 (0.91%)

DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern

TRADING ZONE:

Resistance: 35075 (20 Day SMA / 35380 (5 Day High)

Support: 34450 (Intraday Support) / 33908 (3 Day Low)

VIEW: Bullish above 35075 (20 Day SMA).

Key Highlights:

* Nifty June Futures ended 47.10 points up @ 15743.80 with a discount of 2.70 points.

*  Nifty futures open interest decreased by 7.75 lakh shares with June series total open interest stands at 0.80 crore shares.

* Nifty 16000 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 35000 call has highest OI and 33000 put has highest OI.

* Nifty 16000 call saw addition of 10.82 lakh shares in OI, whereas 15600 put saw addition of 13.59 lakh shares In OI.

* India VIX ended 1.76% up @ 15.06 against the previous close of 14.80

Technical Snapshot

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