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Key Highlights:

NIFTY unable to sustain at higher levels and closes below 15800 mark….

NIFTY SPOT: 15767.55 (-0.64%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 15901 (All Time High) / 15986 (100% Extension level of previous advance 13596 - 15431 projected 14151)

Support: 15742 (Day Low) / 15606 (3 Day Low)

BROADER MARKET: MIXED, MIDCAP 27108 (-0.93%), SMALLCAP 9710 (-0.52%)

Advance-Decline: 662 / 1286

VIEW: Bullish till above 15566 (2 Week Low).

BANKNIFTY SPOT: 35003.50 (-0.69%)

DYNAMIC PARAMETER: Index closed near 20 Day SMA

TRADING ZONE:

Resistance: 35402 (6 Day High / 35810 (Swing High)

Support: 34916 (Day Low) / 34500 (Key Support)

VIEW: Bullish above 35810 (Swing High).

Key Highlights:

* Nifty June Futures ended 88.80 points down @ 15790.20 with a premium of 22.65 points.

* Nifty futures open interest decreased by 13.43 lakh shares with June series total open interest stands at 1.07 crore shares.

* Nifty 16000 call has highest OI, whereas 15500 put holds the highest OI and Banknifty 36000 call has highest OI and 35000 put has highest OI.

* Nifty 15800 call saw addition of 7.38 lakh shares in OI, whereas 15800 put saw addition of 2.84 lakh shares In OI.

* India VIX ended 1.78% up @ 14.87 against the previous close of 14.61

Technical Snapshot

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