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Key Highlights:

NIFTY faces rejection near the 20 Day SMA.

NIFTY SPOT: 14485 (1.00%)

DYNAMIC PARAMETER: NIFTY ends the session below 20-week SMA

TRADING ZONE:

Resistance:14557 (Daily high)/14606 (Multiple touch point level)

Support: 14421 (Daily low) / 14375 (Multiple touch point level)

BROADER MARKET: MIXED, MIDCAP 23675.10 (0.78%) , SMALLCAP 8343.95 (1.13%

Advance-Decline: 1239/660

VIEW: Bearish till below 14785 (Gap Resistance).

BANKNIFTY SPOT: 32275.15(1.74%)

BANKNIFTY SPOT: 32275.15(1.74%)DYNAMIC PARAMETER: Index ends the session near the upper range of the 8 Day consolidation.

TRADING ZONE:

Resistance: 32603.70 (Daily high) / 33000 (Multiple touch point level)

Support: 32000 (Key support level) / 31800 (Multiple touch point level)

VIEW: Pullback till below 32865 (100 Day SMA)

Key Highlights:

* Nifty April Futures ended 82.60 points up @ 14486.20 with a premium of 1.20 points.

* Nifty futures open interest decreased by 7.12 lakh shares with April series total open interest stands at 0.95 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 33000 call has highest OI and 30000 put has highest OI

* Nifty 14900 call saw addition of 5.27 lakh shares in OI, whereas 14400 put saw addition of 10.46 lakh shares In OI.

* India VIX ended 2.04% up @ 23.50 against the previous close of 23.03

Technical Snapshot

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