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Key Highlights:

NIFTY forms Higher Top Higher Bottom formation on weekly charts….

NIFTY SPOT: 15175.30 (1.81%)

DYNAMIC PARAMETER: NIFTY formed Bull Sash candle pattern.

TRADING ZONE: Resistance: 15235 (Key resistance level)/ 15336 (March 2021 high)

Support: 15070 (Intraday Support) / 14985 (Day Low)

BROADER MARKET: UNDERPERFORMED, MIDCAP 25413 (0.80%), SMALLCAP 9087 (0.56%)

Advance-Decline: 1199/723

VIEW: Bullish till above 15051 (Previous Resistance Level).

BANKNIFTY SPOT: 34606.90 (3.82%)

DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern

TRADING ZONE:

Resistance: 35000 (Key Resistance) / 35540 (Key Resistance)

Support: 34150 (Key support level) / 33559 (Day Low)

VIEW: Bullish till above 34142 (Swing High).

Key Highlights:

* Nifty May Futures ended 272.95 points up @ 15206.20 with a premium of 30.90 points

* Nifty futures open interest decreased by 4.99 lakh shares with May series total open interest stands at 0.99 crore shares.

* Nifty 15500 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 35000 call has highest OI and 33000 put has highest OI.

* Nifty 15700 call saw addition of 14.74 lakh shares in OI, whereas 15000 put saw addition of 17.96 lakh shares In OI.

* India VIX ended 2.90% down @ 19.08 against the previous close of 19.65

Technical Snapshot

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