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Key Highlights

NIFTY touches 16701 mark as a Fresh Life Time High 

NIFTY SPOT: 16568.85 (-0.28%)

DYNAMIC PARAMETER: NIFTY formed Dark Cloud Cover candle pattern.

TRADING ZONE: Resistance: 16628 (Intraday Resistance) / 16701 (Life Time High)

Support: 16535 (Day Low) / 16480 (3 Day Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 27676 (0.29%),

SMALLCAP 10068 (-0.26%)

Advance-Decline: 651 / 1306

VIEW: Bullish till above 16162 (Previous Week Low)

BANKNIFTY SPOT: 35554.50 (-0.87%)

DYNAMIC PARAMETER: Index formed Bearish candle pattern

TRADING ZONE:

Resistance: 36000 (Key Resistance) / 36317 (Previous Week High)

Support: 35417 (20 Day SMA) / 35226 (50 Day SMA)

VIEW: Bullish till above 35226 (50 Day SMA).

Key Highlights:

* Nifty August Futures ended 23.55 points down @ 16572.30 with a premium of 3.45 points.

* Nifty futures open interest decreased by 6 lakh shares with August series total open interest stands at 1.26 crore shares. 

* Nifty 17000 call has highest OI, whereas 16500 put holds the highest OI and Banknifty 36000 call has highest OI and 35000 put has highest OI.

* Nifty 16700 call saw addition of 17.06 lakh shares in OI, whereas 16700 put saw addition of 7.06 lakh shares In OI.

* India VIX ended 3.73% down @ 12.91 against the previous close of 13.41

Technical Snapshot

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