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Key Highlights:

The Nifty faces strong resistance at 50 Day SMA….

NIFTY SPOT: 14683.50 (0.31%)

DYNAMIC PARAMETER: Nifty formed Doji candle pattern .

TRADING ZONE: Resistance: 14779 (Day High) / 14850 (Key Resistance)

Support: 14573 (Day Low) / 14459 (2 Day Low)

BROADER MARKET: OUTPERFORMED MIDCAP 24016 (0.91%), SMALLCAP 8271 (1.35%)

Advance-Decline: 1157 / 736

VIEW: Bearish till below 15051 (4 Week High).

BANKNIFTY SPOT: 32501.35 (-0.54%)

DYNAMIC PARAMETER: Index formed Inside Day candle pattern

TRADING ZONE:

Resistance: 33007 (Day High) / 33697 (2 Day High)

Support: 32330 (2 Day Low) / 32000 (Key Support)

VIEW: Bearish till below 34360 (3 Week High)

Key Highlights:

* Nifty April Futures ended 53 points up @ 14751.45 with a premium of 67.95 points.

* Nifty futures open interest decreased by 1.72 lakh shares with April series total open interest stands at 1.06 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 40000 call has highest OI and 30000 put has highest OI.

* Nifty 15000 call saw unwinding of 0.79 lakh shares in OI, whereas 14000 put saw addition of 0.44 lakh shares In OI.

* India VIX ended 1.79% down @ 20.84 against the previous close of 21.22

Technical Snapshot

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