NIFTY forms DOJI candle pattern on the weekly charts after making a Life Time High @ 16701 mark - GEPL Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Key Highlights
NIFTY forms DOJI candle pattern on the weekly charts after making a Life Time High @ 16701 mark.
NIFTY SPOT: 16450.50 (-0.71%)
DYNAMIC PARAMETER: NIFTY formed Lower Top Lower Bottom pattern.
TRADING ZONE: Resistance: 16535 (Gap Resistance) / 16701 (Life Time High)
Support: 16375 (Gap Support) / 16240 (Key Support)
BROADER MARKET: UNDERPERFORMED,
MIDCAP 27124 (-1.99%), SMALLCAP 9850 (-2.16%)
Advance-Decline: 368 / 1606
VIEW: Bullish till above 16162 (2 Week Low).
BANKNIFTY SPOT: 35033.85 (-1.46%)
DYNAMIC PARAMETER: Index closed below 50 Day SMA
TRADING ZONE:
Resistance: 35435 (20 Day SMA) / 35780 (Key Resistance)
Support: 34926 (Day Low) / 34445 (Key Support)
VIEW: Bearish till below 35435 (20 Day SMA).
Key Highlights:
* Nifty August Futures ended 162.15 points down @ 16433.70 with a discount of 16.80 points.
* Nifty futures open interest decreased by 17.26 lakh shares with August series total open interest stands at 1.09 crore shares.
* Nifty 16500 call has highest OI, whereas 15500 put holds the highest OI and Banknifty 36000 call has highest OI and 35000 put has highest OI.
* Nifty 16500 call saw addition of 23.62 lakh shares in OI, whereas 15500 put saw addition of 23.40 lakh shares In OI.
* India VIX ended 4.55% up @ 14.02 against the previous close of 13.41
Technical Snapshot
To Read Complete Report & Disclaimer Click Here
To Know More Details Visit GEPL Capital
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
