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Key Highlights:

Once again the NIFTY takes strong resistance at 50 Day SMA….

NIFTY SPOT: 14736.40 (-0.05%)

DYNAMIC PARAMETER: Nifty formed Inside Day candle pattern.

TRADING ZONE:

Resistance: 14788 (2 Day High) / 14875 (3 Day High)

Support: 14597 (Day Low) / 14500 (Key Support)

BROADER MARKET: OUTPERFORMED MIDCAP 23603 (0.83%), SMALLCAP 8209 (0.03%)

Advance-Decline: 1065 / 893

VIEW: Bearish till below 15051 (2 Week High).

BANKNIFTY SPOT: 33603.45 (-1.63%)

DYNAMIC PARAMETER: Index formed Inside Day candle pattern

TRADING ZONE:

Resistance: 34148 (Day High) / 34355 (2 Day High)

Support: 33305 (Gap Support) / 33000 (Key Support)

VIEW: Bearish till below 35544 (2 Week High)

Key Highlights:

* Nifty March Futures ended 14.85 points down @ 14741.60 with a premium of 5.20 points.

* Nifty futures open interest decreased by 7.85 lakh shares with March series total open interest stands at 0.80 crore shares.

* Nifty 15500 call has highest OI, whereas 14500 put holds the highest OI and Banknifty 36000 call has highest OI and 33000 put has highest OI.

* Nifty 15500 call saw addition of 18.03 lakh shares in OI, whereas 13600 put saw addition of 7.48 lakh shares In OI.

* India VIX ended 2.50% up @ 20.49 against the previous close of 19.99

Technical Snapshot

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