NIFTY makes a Fresh Life Time highs @ 16359, however it moves in a range since past 4 days - GEPL Capital
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Key Highlights
NIFTY makes a Fresh Life Time highs @ 16359, however it moves in a range since past 4 days....
NIFTY SPOT: 16280.10 (0.13%)
DYNAMIC PARAMETER: NIFTY formed Doji candle pattern.
TRADING ZONE: Resistance: 16359 (Life Time High) / 16450 (Key Resistance)
Support: 16146 (Gap Support) / 16000 (Key Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 27439 (-1.09%),
SMALLCAP 10097 (-2.30%)
Advance-Decline: 363 / 1607
VIEW: Bullish till above 15962 (Breakout Level).
BANKNIFTY SPOT: 36034.10 (0.01%)
DYNAMIC PARAMETER: Index formed Indecisive candle pattern
TRADING ZONE:
Resistance: 36317 (Day High) / 36500 (Key Resistance)
Support: 35612 (4 Day Low) / 35161 (50 Day SMA)
VIEW: Bullish till above 35161 (50 Day SMA).
Key Highlights:
* Nifty August Futures ended 14 points up @ 16276.95 with a discount of 3.15 points.
* Nifty futures open interest increased by 3.05 lakh shares with July series total open interest stands at 1.27 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 16500 call saw addition of 2.35 lakh shares in OI, whereas 16500 put saw addition of 2.52 lakh shares In OI.
* India VIX ended 0.79% up @ 12.71 against the previous close of 12.61
Technical Snapshot
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