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Key Highlights:

NIFTY forms Inside Day candle pattern….

NIFTY SPOT: 14617.85 (0.84%)

DYNAMIC PARAMETER: NIFTY closed above 20 Day SMA.

TRADING ZONE: Resistance: 14740 (50 Day SMA)/ 14855 (4 Day HIGH)

Support: 14506 (Day Low) / 14461 (2 Day Low)

BROADER MARKET: MIXED, MIDCAP 24410 (1.00%), SMALLCAP 8616 (0.41%),

Advance-Decline: 1198 / 672

VIEW: Bullish till above 14416 (5 Day Low).

BANKNIFTY SPOT: 32783.70 (1.59%)

DYNAMIC PARAMETER: index closed above 20 Day SMA

TRADING ZONE:

Resistance: 33088 (100 Day SMA) / 33455 (4 Day High)

Support: 32297 (20 Day SMA) / 32068 (Day Low)

VIEW: Bullish till above 31906 (5 Day Low)'

Key Highlights:

* Nifty May Futures ended 129.80 points down @ 14679.10 with a premium of 61.25 points.

* Nifty futures open interest decreased by 1.09 lakh shares with May series total open interest stands at 1.09 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 37000 call has highest OI and 28000 put has highest OI.

* Nifty 14600 call saw addition of 1.10 lakh shares in OI, whereas 14600 put saw addition of 2.34 lakh shares In OI.

* India VIX ended 4.59% down @ 21.96 against the previous close of 23.01

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