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Key Highlights

NIFTY closes at Life Time High levels on weekly charts

NIFTY SPOT: 16238.20 (-0.35%)

DYNAMIC PARAMETER: NIFTY formed Doji candle pattern.

TRADING ZONE:

Resistance: 16349 (Life Time High) / 16450 (Key Resistance)

Support: 16210 (2 Day Low) / 16146 (Gap Support)

BROADER MARKET: OUTPERFORMED, MIDCAP 27945 (0.06%), SMALLCAP 10429 (0.04%)

Advance-Decline: 1103 / 833

VIEW: Bullish till above 15962 (Breakout Level).

BANKNIFTY SPOT: 35809.25 (-0.07%)

DYNAMIC PARAMETER: Index formed Doji candle pattern

TRADING ZONE:

Resistance: 36080 (Day High) / 36220 (3 Day High)

Support: 35661 (2 Day Low) / 35133 (50 Day SMA)

VIEW: Bullish till above 35133 (50 Day SMA).

Key Highlights:

* Nifty August Futures ended 48.95 points down @ 16251.70 with a premium of 13.50 points.

* Nifty futures open interest increased by 0.37 lakh shares with July series total open interest stands at 1.23 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 16000 call saw unwinding of 1.01 lakh shares in OI, whereas 15400 put saw addition of 3.05 lakh shares In OI.

* India VIX ended 2.02% down @ 12.61 against the previous close of 12.87

Technical Snapshot

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