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Key Highlights:

The Nifty unable to sustain above 50 Day SMA….

NIFTY SPOT: 14637.80 (-1.54%)

DYNAMIC PARAMETER: Nifty formed Lower Top Lower Bottom pattern .

TRADING ZONE:

Resistance: 14750 (Intraday Resistance) / 14850 (Day High)

Support: 14570 (Intraday Support) / 14459 (Day Low)

BROADER MARKET: OUTPERFORMED MIDCAP 23798 (-1.32%), SMALLCAP 8162 (-1.46%)

Advance-Decline: 647 / 1308

VIEW: Bearish till below 15051 (4 Week High).

BANKNIFTY SPOT: 32678.85 (-1.54%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern

TRADING ZONE:

Resistance: 33000 (Intraday Resistance) / 33697 (Day High)

Support: 32330 (Day Low) / 32000 (Key Support)

VIEW: Bearish till below 34360 (3 Week High)

Key Highlights:

* Nifty April Futures ended 254.90 points down @ 14698.45 with a premium of 60.65 points.

* Nifty futures open interest increased by 0.18 lakh shares with April series total open interest stands at 1.07 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 40000 call has highest OI and 30000 put has highest OI.

* Nifty 14700 call saw addition of 1.94 lakh shares in OI, whereas 13900 put saw addition of 2.05 lakh shares In OI.

* India VIX ended 6.15% down @ 21.22 against the previous close of 19.99

Technical Snapshot

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