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Key Highlights:

NIFTY re-enters the consolidation range.

NIFTY SPOT: 15824.05 (1.23%)

DYNAMIC PARAMETER: NIFTY hovers around the 20 Day SMA.

TRADING ZONE: Resistance: 15848 (Multiple touch point level) / 15896 (Multiple touch point level)

Support: 15785 (20 Day SMA) / 15726 (Daily low)

BROADER MARKET: MIXED, MIDCAP 27538.35 (1.14%),

SMALLCAP 10454.80 (1.47%)

Advance-Decline: 1346 /615

VIEW: Pullback till below 15924 (Multiple touch point level).

BANKNIFTY SPOT: 34677.30 (0.76%)

DYNAMIC PARAMETER: Ended the session in the previous session range.

TRADING ZONE:

Resistance: 34912 (Multiple touch point level) / 35162 (Multiple touch point level)

Support: 34557 (Day Low) / 34357 (Previous session low)

VIEW: Bearish till below 35200 (20 Day SMA).

Key Highlights:

* Nifty July Futures ended 179.70 points up @ 15816.90 with a discount of 7.15 points.

* Nifty futures open interest decreased by 10.82 lakh shares with July series total open interest stands at 0.84 crore shares.

* Nifty 16000 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 35000 call has highest OI and 35000 put has highest OI.

* Nifty 16000 call saw addition of 13.44 lakh shares in OI, whereas 15800 put saw addition of 12.44 lakh shares In OI.

* India VIX ended 9.99% down @ 11.89 against the previous close of 13.21

Technical Snapshot

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