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Key Highlights:

NIFTY forms Doji candle formation on weekly charts

NIFTY SPOT: 15683.35 (-0.05%)

DYNAMIC PARAMETER: Index formed Hammer candle pattern.

TRADING ZONE: Resistance: 15769 (2 Day High) / 15901 (All Time High)

Support: 15603 (20 Day SMA) / 15500 (Intraday Support)

BROADER MARKET: UNDERPERFORMED, MIDCAP 26496 (-1.05%), SMALLCAP 9573 (-0.88%)

Advance-Decline: 620 / 1327

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

BANKNIFTY SPOT: 34558 (-0.14%)

DYNAMIC PARAMETER: Index formed Hammer candle pattern

TRADING ZONE:

Resistance: 34882 (2 Day High / 35078 (20 Day SMA)

Support: 34280 (Intraday Support) / 33908 (Day Low)

VIEW: Bearish till below 35078 (20 Day SMA).

Key Highlights:

* Nifty June Futures ended 4.55 points down @ 15696.70 with a premium of 13.35 points.

*  Nifty futures open interest decreased by 11.44 lakh shares with June series total open interest stands at 0.88 crore shares.

*  Nifty 16000 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 35000 call has highest OI and 34000 put has highest OI.

* Nifty 16000 call saw addition of 8.99 lakh shares in OI, whereas 15000 put saw addition of 15.10 lakh shares In OI.

* India VIX ended 3.20% down @ 14.80 against the previous close of 15.29

Technical Snapshot

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