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Key Highlights:

Once again the Nifty manages to close above 50 Day SMA….

NIFTY SPOT: 14819.05 (0.92%)

DYNAMIC PARAMETER: Nifty formed Higher Top Higher Bottom pattern .

TRADING ZONE:

Resistance: 14883 (5 Day High) / 15051 (Key Resistance)

Support: 14649 (Day Low) / 14573 (2 Day Low)

BROADER MARKET: OUTPERFORMED MIDCAP 24333 (1.32%), SMALLCAP 8414 (1.71%)

Advance-Decline: 1264 / 621

VIEW: Bearish till below 15051 (4 Week High).

BANKNIFTY SPOT: 32991.20 (1.51%)

DYNAMIC PARAMETER: Index sustained 100 Day SMA

TRADING ZONE:

Resistance: 33191 (Day High) / 33697 (3 Day High)

Support: 32557 (100 Day SMA) / 32141 (Day Low)

VIEW: Bearish till below 34360 (3 Week High)

Key Highlights:

* Nifty April Futures ended 136.55 points up @ 14888 with a premium of 68.95 points.

* Nifty futures open interest increased by 2.04 lakh shares with April series total open interest stands at 1.08 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 40000 call has highest OI and 30000 put has highest OI.

* Nifty 14800 call saw unwinding of 0.91 lakh shares in OI, whereas 14500 put saw addition of 2.78 lakh shares In OI.

* India VIX ended 2.83% down @ 20.25 against the previous close of 20.84

Technical Snapshot

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