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Key Highlights:

NIFTY creates a fresh All Time High, however it manages to close at new highs….

NIFTY SPOT: 14644.70 (0.85%)

DYNAMIC PARAMETER: Nifty maintained Higher Top Higher Bottom formation.

TRADING ZONE:

Resistance: 14666 (Day High) / 14804 (Key Resistance)

Support: 14585 (Intraday Support) / 14517 (Day Low)

BROADER MARKET: Inline MIDCAP 22197 (1.04%), SMALLCAP 7439 (0.59%)

Advance-Decline: 1010 / 885

VIEW: Bullish till above 14222 (3 Day Low).

BANKNIFTY SPOT: 32543.70 (0.37%)

DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern

TRADING ZONE: Resistance: 32718 (All Time High) / 33000 (Key Resistance)

Support: 32322 (Day Low ) / 32000 (Key Support)

VIEW: Bullish till above 31650 (3 Daily Low)

Key Highlights:

* Nifty January Futures ended 75.15 points up @ 14645.15 with a premium of 0.45 point.

* Nifty futures open interest increased by 4.29 lakh shares with January series total open interest stands at 1.24 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 33000 call has highest OI and 29000 put has highest OI.

* Nifty 15000 call saw addition of 4.73 lakh shares in OI, whereas 14600 put saw addition of 4.89 lakh shares In OI.

* India VIX ended 5.90% down @ 21.55 against the previous close of 22.90

Technical Snapshot

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