NIFTY continues to make Fresh Life Time Highs @ 16290 - GEPL Capital
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Key Highlights:
NIFTY continues to make Fresh Life Time Highs @ 16290....
NIFTY SPOT: 16258.80 (0.79%)
DYNAMIC PARAMETER: NIFTY maintained Higher Top Higher Bottom formation
TRADING ZONE: Resistance: 16290 (Life Time High) / 16350 (Key Resistance)
Support: 16146 (Gap Support) / 16000 (Key Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 27928 (-1.19%), SMALLCAP 10484 (-1.01%)
Advance-Decline: 587 / 1366
VIEW: Bullish till above 15962 (Breakout Level).
BANKNIFTY SPOT: 36028.05 (2.33%)
DYNAMIC PARAMETER: Index gave consolidation breakout
TRADING ZONE:
Resistance: 36219 (Day High) / 36497 (Mar 2021 High)
Support: 35600 (Intraday Support) / 35207 (Day Low)
VIEW: Bullish till above 35096 (50 Day SMA).
Key Highlights:
* Nifty August Futures ended 114.30 points up @ 16260.80 with a premium of 2 points
* Nifty futures open interest increased by 0.92 lakh shares with July series total open interest stands at 1.17 crore shares.
* Nifty 16500 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 37000 call has highest OI and 35000 put has highest OI.
* Nifty 16000 call saw unwinding of 5.28 lakh shares in OI, whereas 16200 put saw addition of 10.67 lakh shares In OI.
* India VIX ended 3.93% down @ 13.21 against the previous close of 13.75
Technical Snapshot
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