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Key Highlights:

NIFTY breaches it’s previous week low….

NIFTY SPOT: 14238.90 (-0.93%)

DYNAMIC PARAMETER: Nifty closed below 20 Day SMA.

TRADING ZONE: Resistance: 14345 (Key Resistance) / 14491 (Day High)

Support: 14218 (Day Low) / 13953 (Jan 2021 Low)

BROADER MARKET: UNDERPERFORMED MIDCAP 21455 (-0.94%), SMALLCAP 7261 (-1.18%)

Advance-Decline: 519 / 1404

VIEW: Bearish below 14222 (Swing Low).

BANKNIFTY SPOT: 31198.40 (0.10%)

DYNAMIC PARAMETER: Index sustained below 20 Day SMA

TRADING ZONE: Resistance: 31697 (Day High) / 31845 (20 Day SMA)

Support: 31013 (Day Low ) / 30890 (Swing Low)

VIEW: Bearish below 30890 (Swing Low)

Key Highlights:

* Nifty January Futures ended 127 points down @ 14253.15 with a premium of 14.25 points.

* Nifty futures open interest decreased by 18.09 lakh shares with January series total open interest stands at 95.49 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 33000 call has highest OI and 31000 put has highest OI.

* Nifty 14400 call saw addition of 24.37 lakh shares in OI, whereas 14500 put saw unwinding of 6.62 lakh shares In OI.

* India VIX ended 3.70% up @ 23.25 against the previous close of 22.42

Technical Snapshot

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