Nifty August Futures ended 158.75 points up @ 16517.35 with a discount of 11.75 points - GEPL Capital
Key Highlights
NIFTY closes at the Life Time High levels on Weekly charts....
NIFTY SPOT: 16529.10 (1.01%)
DYNAMIC PARAMETER: NIFTY maintained Higher Top Higher Bottom pattern.
TRADING ZONE: Resistance: 16600 (Key Resistance) / 16685 (Key Resistance)
Support: 16450 (Intraday Support) / 16375 (Gap Support)
BROADER MARKET: UNDERPERFORMED, MIDCAP 27600 (-0.30%),
SMALLCAP 10200 (-0.39%)
Advance-Decline: 909 / 1041
VIEW: Bullish till above 16162 (Weekly Low).
BANKNIFTY SPOT: 36169.35 (0.65%)
DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern
TRADING ZONE:
Resistance: 36317 (5 Day High) / 36500 (Key Resistance)
Support: 35937 (Day Low) / 35702 (2 Day Low)
VIEW: Bullish till above 35192 (50 Day SMA).
Key Highlights:
* Nifty August Futures ended 158.75 points up @ 16517.35 with a discount of 11.75 points.
* Nifty futures open interest increased by 6.60 lakh shares with July series total open interest stands at 1.36 crore shares.
* Nifty 16500 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 37000 call has highest OI and 35000 put has highest OI.
* Nifty 16800 call saw addition of 3.87 lakh shares in OI, whereas 16500 put saw addition of 9.54 lakh shares In OI.
* India VIX ended 5.01% up @ 12.99 against the previous close of 12.37
Technical Snapshot
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