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Key Highlights:

NIFTY closes below it 20 Day SMA….

NIFTY SPOT: 13967.50 (-1.91%)

DYNAMIC PARAMETER: Nifty formed Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 14080 (Key Resistance) / 14200 (Intraday Resistance)

Support: 13929 (Day Low) / 13811 (5 Week Low)

BROADER MARKET: OUTPERFORMED MIDCAP 21115 (-1.58%), SMALLCAP 7272 (0.15%)

Advance-Decline: 637 / 1233

VIEW: Bearish till below 14222 (Swing Low)

BANKNIFTY SPOT: 30284.55 (-2.93%)

DYNAMIC PARAMETER: Index maintained Lower Top Lower Bottom pattern

TRADING ZONE: Resistance: 30710 (Intraday Resistance) / 31000 (Key Resistance)

Support: 30165 (Day Low ) / 29880 (Key Support)

VIEW: Bearish till below 30890 (Swing Low)

Key Highlights:

* Nifty January Futures ended 270.60 points down @ 13982.55 with a premium of 15.05 points.

* Nifty futures open interest decreased by 31.63 lakh shares with January series total open interest stands at 0.64 crore shares.

* Nifty 14700 call has highest OI, whereas 13500 put holds the highest OI and Banknifty 31500 call has highest OI and 29500 put has highest OI.

* Nifty 14100 call saw addition of 36.83 lakh shares in OI, whereas 13900 put saw addition of 6.98 lakh shares In OI.

* India VIX ended 4.90% up @ 24.39 against the previous close of 23.25

Technical Snapshot

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