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Key Highlights:

NIFTY holds its 50 Day SMA

NIFTY SPOT: 14850.75 (-0.61%)

DYNAMIC PARAMETER: NIFTY formed Lower Top Lower Bottom pattern.

TRADING ZONE: Resistance: 14900 (Day High)/ 14966 (2 Day High)

Support: 14800 (Intraday Support) / 14737 (50 Day SMA)

BROADER MARKET: OUTPERFORMED, MIDCAP 24971 (0.79%), SMALLCAP 8942 (0.82%),

Advance-Decline: 1159 / 766

VIEW: Bullish till above 14416 (Swing Low).

BANKNIFTY SPOT: 32872.20 (-0.82%)

DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern

TRADING ZONE:

Resistance: 33154 (Day High) / 33297 (2 Day High)

Support: 32611 (Day Low) / 32348 (20 Day SMA)

VIEW: Bullish till above 31906 (Swing Low)

Key Highlights:

* Nifty May Futures ended 106.40 points down @ 14878.25 with a premium of 27.50 points.

* Nifty futures open interest increased by 5.40 lakh shares with May series total open interest stands at 1.17 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 34000 call has highest OI and 28000 put has highest OI

* Nifty 14800 call saw addition of 4.39 lakh shares in OI, whereas 14800 put saw addition of 5.34 lakh shares In OI.

* India VIX ended 1.98% down @ 19.83 against the previous close of 20.23

Technical Snapshot

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