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Key Highlights:

NIFTY breaches last four week’s low on weekly charts….

NIFTY SPOT: 13634.60 (-1.32%)

DYNAMIC PARAMETER: Nifty breached 50 Day SMA.

TRADING ZONE:

Resistance: 13743 (50 Day SMA) / 13881 (Key Resistance)

Support: 13596 (Day Low) / 13500 (Key Support)

BROADER MARKET: OUTPERFORMED MIDCAP 20909 (-0.38%), SMALLCAP 7176 (-0.63%)

Advance-Decline: 858 / 1022

VIEW: Bearish till below 14222 ( Previous Swing Low).

BANKNIFTY SPOT: 30565.50 (0.68%)

DYNAMIC PARAMETER: Index closed below 50 Day SMA

TRADING ZONE:

Resistance: 30762 (50 Day SMA) / 31111 (Day High)

Support: 30254 (Day Low) / 30000 (Key Support)

VIEW: Bearish till below 30890 (Previous Swing Low)

Key Highlights:

* Nifty February Futures ended 135.30 points down @ 13709.10 with a premium of 74.50 points.

* Nifty futures open interest decreased by 4.32 lakh shares with January series total open interest stands at 0.92 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 31500 call has highest OI and 28000 put has highest OI.

* Nifty 15000 call saw addition of 4.87 lakh shares in OI, whereas 13100 put saw addition of 2.47 lakh shares In OI.

* India VIX ended 4.32% up @ 25.34 against the previous close of 24.29

Technical Snapshot

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