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Key Highlights:

NIFTY witnesses a sharp pullback after testing a low of 14151

NIFTY SPOT: 14406 (0.77%)

DYNAMIC PARAMETER: NIFTY continues to sustain below the 20 Week SMA

TRADING ZONE

Resistance: 14466 (Multiple touch point level)/ 14526 (Previous session high)

Support: 14339 (23.6% retracement level of the rise from 10790- 15431) / 14242 (Multiple touch point level)

BROADER MARKET: MIXED, MIDCAP 23432.65 (0.46%) , SMALLCAP 8216 (0.85%) 

Advance-Decline: 1126/745

VIEW: Bearish till below 14785 (Gap Resistance).

BANKNIFTY SPOT: 31782.60 (2.15%)

DYNAMIC PARAMETER: Index engulfed the previous session range

TRADING ZONE:

Resistance: 32000 (Key resistance level) / 32330 (Multiple touch point level)

Support: 31480 (Multiple touch point level) / 31040 (Multiple touch point level)

VIEW: Pullback till below 32500 (Multiple touch point level)

Key Highlights:

* Nifty April Futures ended 107.40 points up @ 14403.60 with a discount of 2.55 points.

* Nifty futures open interest decreased by 4.86 lakh shares with April series total open interest stands at 1.05 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 32000 call has highest OI and 30000 put has highest OI.

* Nifty 15000 call saw addition of 11.85 lakh shares in OI, whereas 14000 put saw addition of 12.16 lakh shares In OI.

* India VIX ended 2.67% up @ 23.03 against the previous close of 22.43

Technical Snapshot

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