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Key Highlights:

The Nifty forms Higher Top Higher Bottom formation on weekly charts….

NIFTY SPOT: 14867.35 (1.20%)

DYNAMIC PARAMETER: Nifty closed above 20 Day SMA .

TRADING ZONE: Resistance: 14883 (Day High) / 15051 (3 Week High)

Support: 14785 (50 Day SMA) / 14617 (3 Day Low)

BROADER MARKET: OUTPERFORMED MIDCAP 24117 (1.79%), SMALLCAP 8282 (2.09%)

Advance-Decline: 1565 / 352

VIEW: Bullish above 14883 (Day High).

BANKNIFTY SPOT: 33858 (1.66%)

DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern

TRADING ZONE:

Resistance: 33990 (3 Day High) / 34536 (50 Day SMA)

Support: 33500 (Intraday Support) / 33208 (Day Low)

VIEW: Bullish above 34536 (50 Day SMA)

Key Highlights:

*Nifty April Futures ended 201.05 points up @ 14953.35 with a premium of 86 points.

*Nifty futures open interest decreased by 6.59 lakh shares with April series total open interest stands at 1.07 crore shares.

*Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 40000 call has highest OI and 30000 put has highest OI.

*Nifty 15600 call saw addition of 1.03 lakh shares in OI, whereas 14000 put saw addition of 2.25 lakh shares In OI.

*India VIX ended 3.20% down @ 19.99 against the previous close of 20.65

Technical Snapshot

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