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Key Highlights:

The NIFTY unable to sustain above 20 Day SMA….

NIFTY SPOT: 15692.60 (0.02%)

DYNAMIC PARAMETER: Index formed Higher Top Higher Bottom pattern.

TRADING ZONE: Resistance: 15789 (Day High) / 15915 (All Time High)

Support: 15632 (5 Day Low) / 15505 (3 Week Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 27503 (0.44%),

SMALLCAP 10086 (0.60%)

Advance-Decline: 1179 / 797

VIEW: Bullish till above 15431 (Previous Swing High).

BANKNIFTY SPOT: 35198.90 (0.36%)

DYNAMIC PARAMETER: Index sustained above 20 Day SMA.

TRADING ZONE:

Resistance: 35394 (Day High) / 35650 (Intraday Resistance)

Support: 35026 (20 Day SMA) / 34650 (Swing Low)

VIEW: Bullish till above 33908 (June 2021 Low).

Key Highlights:

* Nifty July Futures ended 10.50 points down @ 15711.95 with a premium of 19.35 points. 

* Nifty futures open interest decreased by 2.46 lakh shares with July series total open interest stands at 0.94 crore shares.

* Nifty 16000 call has highest OI, whereas 15500 put holds the highest OI and Banknifty 37000 call has highest OI and 34000 put has highest OI.

* Nifty 15800 call saw addition of 1.08 lakh shares in OI, whereas 15000 put saw addition of 2.87 lakh shares In OI.

* India VIX ended 0.39% up @ 12.99 against the previous close of 12.94

Technical Snapshot

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