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Key Highlights:

The NIFTY faces resistance at higher levels and closes at 3 day low….

NIFTY SPOT: 15727.90 (-0.96%)

DYNAMIC PARAMETER: Index closed below 20 Day SMA.

TRADING ZONE: Resistance: 15845 (Intraday Resistance) / 15915 (All Time High)

Support: 15682 (Day Low) / 15635 (Swing Low)

BROADER MARKET: OUTPERFORMED, MIDCAP 27213 (-0.42%),

SMALLCAP 9972 (-0.04%)

Advance-Decline: 766 / 1165

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

BANKNIFTY SPOT: 35274.10 (-1.39%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern.

TRADING ZONE:

Resistance: 35600 (Intraday Resistance) / 35811 (Day High)

Support: 35134 (Day Low) / 35013 (20 Day SMA)

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

Key Highlights:

* Nifty July Futures ended 151 points down @ 15735.40 with a premium of 7.50 points.

* Nifty futures open interest increased by 5.51 lakh shares with July series total open interest stands at 1.00 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 5.85 lakh shares in OI, whereas 15800 put saw addition of 2.21 lakh shares In OI.

* India VIX ended 11.06% up @ 13.56 against the previous close of 12.21

Technical Snapshot

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