NIFTY sustains above the Gap support of 16146 mark - GEPL Capital
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Key Highlights
NIFTY sustains above the Gap support of 16146 mark....
NIFTY SPOT: 16282.25 (0.01%)
DYNAMIC PARAMETER: NIFTY formed Indecisive candle pattern.
TRADING ZONE: Resistance: 16359 (Life Time High) / 16450 (Key Resistance)
Support: 16146 (Gap Support) / 16000 (Key Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 27406 (-0.12%),
SMALLCAP 10027 (-0.69%)
Advance-Decline: 668 / 1292
VIEW: Bullish till above 15962 (Breakout Level).
BANKNIFTY SPOT: 35806.40 (-0.63%)
DYNAMIC PARAMETER: Index formed Indecisive candle pattern
TRADING ZONE:
Resistance: 36317 (2 Day High) / 36500 (Key Resistance)
Support: 35531 (Day Low) / 35171 (50 Day SMA)
VIEW: Bullish till above 35171 (50 Day SMA).
Key Highlights:
* Nifty August Futures ended 6.40 points up @ 16276.95 with a premium of 1.10 points.
* Nifty futures open interest decreased by 5.20 lakh shares with July series total open interest stands at 1.22 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 2.09 lakh shares in OI, whereas 16500 put saw addition of 3.47 lakh shares In OI.
* India VIX ended flat @ 12.71 against the previous close of 12.71
Technical Snapshot
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