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Key Highlights:

NIFTY sustains above 50 Day SMA....

NIFTY SPOT: 15709.40 (-0.24%)

DYNAMIC PARAMETER: NIFTY formed Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 15781 (20 Day SMA) / 15900 (Swing High)

Support: 15664 (50 Day SMA) / 15570 (Intraday Support)

BROADER MARKET: UNDERPERFORMED, MIDCAP 27315 (-0.51%),

SMALLCAP 10381 (-0.50%)

Advance-Decline: 732 / 1206

VIEW: Bullish till above 15578 (Swing Low).

BANKNIFTY SPOT: 34532.90 (-0.76%)

DYNAMIC PARAMETER: Index sustained below 50 Day SMA.

TRADING ZONE:

Resistance: 34841 (Day High) / 35016 (50 Day SMA)

Support: 34300 (Intraday Support) / 34115 (Day Low)

VIEW: Bearish till below 35143 (20 Day SMA).

Key Highlights:

* Nifty July Futures ended 25.55 points down @ 15709.10 with a discount of 0.30 points.

* Nifty futures open interest decreased by 21.38 lakh shares with July series total open interest stands at 0.45 crore shares.

* Nifty 15800 call has highest OI, whereas 15500 put holds the highest OI and Banknifty 35000 call has highest OI and 34000 put has highest OI.

* Nifty 15700 call saw addition of 13.61 lakh shares in OI, whereas 15200 put saw addition of 8.54 lakh shares In OI.

* India VIX ended 3.48% up @ 13.69 against the previous close of 13.23

Technical Snapshot

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