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Key Highlights:

NIFTY continues with its Higher Top Higher Bottom formation on daily charts….​​​

NIFTY SPOT: 15208.45 (0.07%)

DYNAMIC PARAMETER: NIFTY sustaining near its upper Bollinger Band.

TRADING ZONE: Resistance: 15336 (March 2021 high)/ 15431 (All Time High)

Support: 15145 (2 Day Low) / 14985 (3 Day Low)

BROADER MARKET: UNDERPERFORMED, MIDCAP 25544 (-0.16%), SMALLCAP 9171 (-0.08%)

Advance-Decline: 1040 / 874

VIEW: Bullish till above 14884 (Swing Low).

BANKNIFTY SPOT: 34662 (-0.81%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern

TRADING ZONE:

Resistance: 35216 (3 Day High) / 35540 (Key Resistance)

Support: 34410 (Day Low) / 34000 (Key Support)

VIEW: Bullish till above 33273 (Swing Low)

Key Highlights:

* Nifty May Futures ended 15.35 points up @ 15218 with a premium of 9.55 points

* Nifty futures open interest decreased by 17.89 lakh shares with May series total open interest stands at 0.76 crore shares.

* Nifty 15500 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 35000 call has highest OI and 34000 put has highest OI.

* Nifty 15300 call saw addition of 9.98 lakh shares in OI, whereas 15200 put saw addition of 11.68 lakh shares In OI.

* India VIX ended 1.52% down @ 18.84 against the previous close of 19.13

Technical Snapshot

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