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Key Highlights:

NIFTY maintains above 100 Day SMA

NIFTY SPOT: 14634.15 (0.02%)

DYNAMIC PARAMETER: NIFTY maintained Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 14673 (DayHigh)/ 14768 (50 Day SMA)

Support: 14474 (100 Day SMA) / 14416 (Day Low)

BROADER MARKET: OUTPERFORMED,

MIDCAP 242663 (0.28%), SMALLCAP 8658 (1.09%),

Advance-Decline: 1177 / 736

VIEW: Bearish below 14416 (Day Low).

BANKNIFTY SPOT: 32465.75 (-0.96%)

DYNAMIC PARAMETER: Index sustained above 20 Day SMA.

TRADING ZONE:

Resistance: 32663 (Gap Resistance) / 33040 (100 Day SMA)

Support: 32371 (20 Day SMA) / 31906 (Day Low)

VIEW: Bearish below 31906 (Day Low)

Key Highlights:

* Nifty May Futures ended 5 points down @ 14685.80 with a premium of 51.65 points.

* Nifty futures open interest increased by 4.74 lakh shares with May 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 37000 call has highest OI and 28000 put has highest OI.

* Nifty 14500 call saw addition of 4.13 lakh shares in OI, whereas 14500 put saw addition of 4.33 lakh shares In OI

* India VIX ended 2.87% up @ 23.69 against the previous close of 23.03

Technical Snapshot

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