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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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