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Key Highlights:

The Nifty forms Inside Day candle pattern for the 2nd consecutive day.…

NIFTY SPOT: 14581.45 (0.53%)

DYNAMIC PARAMETER: Nifty sustained below 20 Day SMA.

TRADING ZONE:

Resistance: 14675 (20 Day SMA) / 14785 (Gap Resistance)

Support: 14500 (Intraday Support) / 14353 (Day Low)

BROADER MARKET: UNDERPERFORMED MIDCAP 23530 (0.06%), SMALLCAP 8171 (-0.19%)

Advance-Decline: 761 / 1117

VIEW: Bearish till below 14785 (Gap Resistance).

BANKNIFTY SPOT: 32112.85 (1.07%)

DYNAMIC PARAMETER: Index maintained Higher Top Higher Bottom pattern

TRADING ZONE:

Resistance: 32187 (Day High) / 32723 (100 Day SMA)

Support: 31885 (Intraday Support) / 31406 (Day Low)

VIEW: Bearish till below 32723 (100 Day SMA)

Key Highlights:

* Nifty April Futures ended 50.85 points up @ 14592 with a premium of 10.55 points.

* Nifty futures open interest decreased by 0.12 lakh shares with April series total open interest stands at 1.10 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 33000 call has highest OI and 31000 put has highest OI.

* Nifty 15200 call saw addition of 4.37 lakh shares in OI, whereas 14500 put saw addition of 3.06 lakh shares In OI.

* India VIX ended 2.10% up @ 20.89 against the previous close of 20.49

Technical Snapshot

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