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Key Highlights:

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

NIFTY SPOT: 14617.85 (0.25%)

DYNAMIC PARAMETER: NIFTY continues to face rejection near the 20-week SMA.

TRADING ZONE:

Resistance: 14697 (Daily high)/ 14785 (Gap Area)

Support: 14559 (Daily low) / 14459 (Multiple touch point level)

BROADER MARKET: OUTPERFORMED MIDCAP 23760.65 (0.98%) , SMALLCAP 8263.60 (1.13%)

Advance-Decline: 1105/768

VIEW: Bearish till below 14785 (Gap Resistance).

BANKNIFTY SPOT: 31977.45 (-0.42%)

DYNAMIC PARAMETER: Index facing rejection near the 32300 mark

TRADING ZONE:

Resistance: 32312 (Day High) / 32682 (Multiple touch point level)

Support: 31750 (Intraday Support) / 31406 (Previous session Low)

VIEW: Bearish till below 32723 (100 Day SMA)

Key Highlights:

* Nifty April Futures ended 53.70 points up @ 14645.70 with a premium of 27.85 points.

* Nifty futures open interest increased by 7.49 lakh shares with April series total open interest stands at 1.17 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 14600 call saw addition of 2.40 lakh shares in OI, whereas 14600 put saw addition of 4.09 lakh shares In OI.

* India VIX ended 2.35% down @ 20.40 against the previous close of 20.89

Technical Snapshot

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