IGI Logo

Key Highlights:

NIFTY makes Fresh Life Time Highs @ 16146, however it sustains above 16100 mark....

NIFTY SPOT: 16130.75 (1.55%)

DYNAMIC PARAMETER: NIFTY gave consolidation breakout and sustained above 16100 mark.

TRADING ZONE: Resistance: 16146 (Life Time High) / 16205 (Key Resistance)

Support: 16000 (Key Support) / 15918 (Day Low)

BROADER MARKET: UNDERPERFORMED, MIDCAP 28265 (0.05%),

SMALLCAP 10591 (-0.24%)

Advance-Decline: 974 / 990

VIEW: Bullish till above 15962 (Breakout Level).

BANKNIFTY SPOT: 35207.45 (1.43%)

DYNAMIC PARAMETER: Index closed above 20 Day SMA

TRADING ZONE:

Resistance: 35347 (3 Week High) / 35675 (Gap Resistance)

Support: 35128 (20 Day SMA) / 35068 (50 Day SMA)

VIEW: Bullish till above 35068 (50 Day SMA).

Key Highlights:

* Nifty August Futures ended 237.50 points up @ 16146.50 with a premium of 15.75 points.

* Nifty futures open interest increased by 11.81 lakh shares with July series total open interest stands at 1.16 crore shares.

* Nifty 16000 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 36000 call has highest OI and 35000 put has highest OI.

* Nifty 16400 call saw addition of 2.52 lakh shares in OI, whereas 16000 put saw addition of 11.43 lakh shares In OI.

* India VIX ended 7.34% up @ 13.75 against the previous close of 12.81

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