NIFTY forms Doji candle pattern, however it continues to make Fresh Life Time Highs @ 16349 - GEPL Capital
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Key Highlights:
NIFTY forms Doji candle pattern, however it continues to make Fresh Life Time Highs @ 16349....
NIFTY SPOT: 16294.60 (0.22%)
DYNAMIC PARAMETER: NIFTY maintained Higher Top Higher Bottom formation.
TRADING ZONE: Resistance: 16349 (Life Time High) / 16450 (Key Resistance)
Support: 16210 (Day Low) / 16146 (Gap Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 27930 (0.01%),
SMALLCAP 10425 (-0.57%)
Advance-Decline: 651 / 1300
VIEW: Bullish till above 15962 (Breakout Level).
BANKNIFTY SPOT: 35834.75 (-0.54%)
DYNAMIC PARAMETER: Index formed Inside Day candle
TRADING ZONE:
Resistance: 36115 (Day High) / 36220 (2 Day High)
Support: 35661 (Day Low) / 35313 (2 Day Low)
VIEW: Bullish till above 35119 (50 Day SMA).
Key Highlights:
* Nifty August Futures ended 39.85 points up @ 16300.65 with a premium of 6.05 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 1.02 lakh shares in OI, whereas 16000 put saw addition of 4.19 lakh shares In OI.
* India VIX ended 2.57% down @ 12.87 against the previous close of 13.21
Technical Snapshot
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