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Key Highlights:

NIFTY forms Lower Top Lower Bottom formation on daily charts

NIFTY SPOT: 15691.40 (-0.48%)

DYNAMIC PARAMETER: Index sustained above 20 Day SMA.

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

Support: 15566 (Previous Week Low) / 15431 (Previous Top)

BROADER MARKET: UNDERPERFORMED, MIDCAP 26776 (-1.23%), SMALLCAP 9658 (-0.53%)

Advance-Decline: 675 / 1274

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

BANKNIFTY SPOT: 34605.40 (-1.14%)

DYNAMIC PARAMETER: Index closed below 20 Day SMA

TRADING ZONE:

Resistance: 34882 (Day High / 35081 (20 Day SMA)

Support: 34374 (5 Day Low) / 34054 (100 Day SMA)

VIEW: Bullish above 35810 (Swing High).

Key Highlights:

* Nifty June Futures ended 98.05 points down @ 15692.15 with a premium of 0.75 point.

* Nifty futures open interest decreased by 8.34 lakh shares with June series total open interest stands at 0.99 crore shares.

* Nifty 16500 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 15700 call saw addition of 17.34 lakh shares in OI, whereas 15000 put saw addition of 8.81 lakh shares In OI.

* India VIX ended 2.82% up @ 15.29 against the previous close of 14.87

Technical Snapshot

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