NIFTY continues to make a Fresh Life Time High levels and closes above 16600 mark - GEPL Capital
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Key Highlights
NIFTY continues to make a Fresh Life Time High levels and closes above 16600 mark....
NIFTY SPOT: 16614.60 (0.31%)
DYNAMIC PARAMETER: NIFTY sustained at Record High levels.
TRADING ZONE: Resistance: 16685 (Key Resistance) / 16755 (Key Resistance)
Support: 16480 (2 Day Low) / 16375 (Gap Support)
BROADER MARKET: MIXED, MIDCAP 27597 (0.33%),
SMALLCAP 10095 (-0.25%)
Advance-Decline: 670 / 1273
VIEW: Bullish till above 16162 (Previous Week Low).
BANKNIFTY SPOT: 35867.45 (-0.63%)
DYNAMIC PARAMETER: Index formed Indecisive candle pattern
TRADING ZONE:
Resistance: 36317 (Previous Week High) / 36500 (Key Resistance)
Support: 35531 (Previous Week Low) / 35216 (50 Day SMA)
VIEW: Bullish till above 35216 (50 Day SMA).
Key Highlights:
* Nifty August Futures ended 36.40 points up @ 16595.85 with a premium of 32.80 points.
* Nifty futures open interest decreased by 2.64 lakh shares with August series total open interest stands at 1.32 crore shares.
* Nifty 16500 call has highest OI, whereas 16500 put holds the highest OI and Banknifty 37000 call has highest OI and 35000 put has highest OI.
* Nifty 16600 call saw addition of 5.14 lakh shares in OI, whereas 16600 put saw addition of 6.55 lakh shares In OI.
* India VIX ended 0.37% down @ 13.41 against the previous close of 13.46
Technical Snapshot
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