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Key Highlights:

The Nifty unable to sustain above 50 Day SMA….

NIFTY SPOT: 14690.70 (-1.04%)

DYNAMIC PARAMETER: Nifty formed Inside Day candle .

TRADING ZONE: Resistance: 14775 (50 Day SMA) / 14878 (2 Week High)

Support: 14617 (2 Day Low) / 14572 (Gap Support)

BROADER MARKET: OUTPERFORMED MIDCAP 23693 (0.35%),

SMALLCAP 8113(0.37%)

Advance-Decline: 900 / 990

VIEW: Bearish till below 14878 (2 Week High).

BANKNIFTY SPOT: 33303.90 (-1.69%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern

TRADING ZONE:

Resistance: 33773 (Day High) / 33990 (3 Day High)

Support: 33151 (Day Low) / 32850 (Key Support)

VIEW: Bearish till below 34495 (50 Day SMA)

Key Highlights:

*Nifty April Futures ended 161.25 points down @ 14752.30 with a premium of 61.60 points.

*Nifty futures open interest increased by 2.19 lakh shares with April series total open interest stands at 1.14 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 14800 call saw addition of 2.88 lakh shares in OI, whereas 14800 put saw addition of 2.48 lakh shares In OI.

*India VIX ended 0.78% up @ 20.65 against the previous close of 20.49

Technical Snapshot

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