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Key Highlights:

NIFTY sustains above the 50 Day SMA for the 2nd consecutive day

NIFTY SPOT: 14894.90 (0.20%)

DYNAMIC PARAMETER: NIFTY maintained Higher Top Higher Bottom pattern.

TRADING ZONE: Resistance: 14980 (Intraday Resistance)/ 15051 (Key Resistance)

Support: 14793 (50 Day SMA) / 14694 (2 Day low)

BROADER MARKET: MIXED,

MIDCAP 24286 (-0.11%), SMALLCAP 8599 (0.65%), A

AdvanceDecline: 854 / 1020

VIEW: Bullish till above 14628 (20 Day SMA).

BANKNIFTY SPOT: 33714.50 (-0.02%)

DYNAMIC PARAMETER: Index maintained Higher Top Higher Bottom pattern.

TRADING ZONE:

Resistance: 34287 (Day High) / 34500 (Key Resistance)

Support: 33304 (Day Low) / 33000 (Key Support)

VIEW: Bullish above 34287 (Day High)

Key Highlights:

* Nifty May Futures ended 24.40 points up @ 14932.25 with a premium of 37.35 points.

* Nifty futures open interest increased by 21.14 lakh shares with May series total open interest stands at 0.95 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 14800 call saw addition of 1.65 lakh shares in OI, whereas 14800 put saw addition of 2.85 lakh shares In OI.

* India VIX ended 3.23% up @ 23.31 against the previous close of 22.58

Technical Snapshot

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