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Key Highlights

NIFTY continues to make a Fresh Life Time High levels on daily charts....​​​​​​

NIFTY SPOT: 16563.05 (0.21%)

DYNAMIC PARAMETER: NIFTY sustained at Record High levels.

TRADING ZONE: Resistance: 16600 (Key Resistance) / 16685 (Key Resistance)

Support: 16480 (Day Low) / 16375 (Gap Support)

BROADER MARKET: UNDERPERFORMED, MIDCAP 27507 (-0.34%),

SMALLCAP 10120 (-0.78%)

Advance-Decline: 631 / 1321

VIEW: Bullish till above 16162 (Previous Week Low).

BANKNIFTY SPOT: 36094.50 (-0.21%)

DYNAMIC PARAMETER: Index formed Doji candle pattern

TRADING ZONE:

Resistance: 36317 (Previous Week High) / 36500 (Key Resistance)

Support: 35937 (2 Day Low) / 35531 (Previous Week Low)

VIEW: Bullish till above 35208 (50 Day SMA).

Key Highlights:

* Nifty August Futures ended 42.10 points up @ 16559.45 with a discount of 3.60 points.

* Nifty futures open interest decreased by 1.80 lakh shares with July series total open interest stands at 1.35 crore shares.

* Nifty 16500 call has highest OI, whereas 16000 put holds the highest OI and Banknifty 37000 call has highest OI and 35000 put has highest OI.

* Nifty 17200 call saw addition of 3.45 lakh shares in OI, whereas 16500 put saw addition of 6.40 lakh shares In OI.

* India VIX ended 3.62% up @ 13.46 against the previous close of 12.99

Technical Snapshot

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