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Key Highlights:

The NIFTY breaches its previous swing low….

NIFTY SPOT: 14324.90 (-1.54%)

DYNAMIC PARAMETER: Nifty maintained Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 14500 (Intraday Resistance) / 14575 (Day High)

Support: 14264 (Day Low) / 14115 (20 Week SMA)

BROADER MARKET: UNDERPERFORMED MIDCAP 22858 (-2.04%), SMALLCAP 7891 (-2.16%)

Advance-Decline: 367 / 1544

VIEW: Bearish till below 14765 (50 Day SMA).

BANKNIFTY SPOT: 33006.45 (-0.86%)

DYNAMIC PARAMETER: Index maintained Lower Top Lower Bottom pattern

TRADING ZONE:

Resistance: 33550 (Day High) / 33970 (2 Day High)

Support: 32700 (Intraday Support) / 32415 (Day Low)

VIEW: Bearish till below 34435 (50 Day SMA)

Key Highlights:

*Nifty April Futures ended 212.95 points down @ 14435.55 with a premium of 110.65 points.

*Nifty futures open interest increased by 18.72 lakh shares with April series total open interest stands at 0.89 crore shares.

*Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 35000 call has highest OI and 30000 put has highest OI.

*Nifty 14500 call saw addition of 4.78 lakh shares in OI, whereas 12500 put saw addition of 3.99 lakh shares In OI.

*India VIX ended 1.07% up @ 22.70 against the previous close of 22.46

Technical Snapshot

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