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Key Highlights:

NIFTY manages to close above 15000 mark on weekly charts….

NIFTY SPOT: 15030.95 (-0.95%)

DYNAMIC PARAMETER: Nifty formed Bearish Engulfing candle pattern.

TRADING ZONE: Resistance: 15220 (Intraday Resistance) / 15336 (Day High)

Support: 14953 (Day Low) / 14862 (Swing Low)

BROADER MARKET: OUTPERFORMED MIDCAP 24115 (-0.43%)

SMALLCAP 8482 (0.52%)

Advance-Decline: 780 / 1126

VIEW: Bullish till above 14862 (Swing Low).

BANKNIFTY SPOT: 35496.65 (-1.23%)

DYNAMIC PARAMETER: Index formed Bearish Engulfing candle pattern

TRADING ZONE:

Resistance: 35936 (20 Day SMA) / 36497 (Day High)

Support: 35188 (Day Low) / 34893 (5 Day Low)

VIEW: Bullish till above 34658 (Swing Low)

Key Highlights:

*Nifty March Futures ended 157.90 points down @ 15051.40 with a premium of 20.45 points.

*Nifty futures open interest increased by 2.91 lakh shares with March series total open interest stands at 1.14 crore shares.

*Nifty 16000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 36000 call has highest OI and 34000 put has highest OI.

*Nifty 15400 call saw addition of 3.48 lakh shares in OI, whereas 13500 put saw unwinding of 4.71 lakh shares In OI.

*India VIX ended 4.63% up @ 21.71 against the previous close of 20.75

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