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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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