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Key Highlights

NIFTY gives an All Time High closing

NIFTY SPOT: 16624.60 (0.78%)

DYNAMIC PARAMETER: NIFTY formed Higher Top Higher Bottom pattern

TRADING ZONE: Resistance: 16701 (All Time high) / 16800 (Key Support)

Support: 16495 (Day Low) / 16376 (3 Day Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 27276 (1.43%),

SMALLCAP 9861 (2%)

Advance-Decline: 1499 / 444

VIEW: Bullish till above 16376 (3 Day Low).

BANKNIFTY SPOT: 35712.10 (1.67%)

DYNAMIC PARAMETER: Index closed above 20 Day SMA

TRADING ZONE:

Resistance: 35795 (Day High) / 36248 (5 Day High)

Support: 35477 (20 Day SMA) / 35070 (Day Low)

VIEW: Bullish till above 35477 (20 Day SMA).

Key Highlights:

* Nifty August Futures ended 126 points up @ 16620.25 with a discount of 4.35 points.

* Nifty futures open interest decreased by 18.56 lakh shares with August series total open interest stands at 0.78 crore shares.

* Nifty 16800 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 16800 call saw addition of 7.93 lakh shares in OI, whereas 16600 put saw addition of 25.96 lakh shares In OI.

* India VIX ended 3.65% down @ 13.19 against the previous close of 13.69

Technical Snapshot

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