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Key Highlights

NIFTY moving towards 17000 marks….

NIFTY SPOT: 16931.05 (1.35%)

DYNAMIC PARAMETER: NIFTY closed at Life Time High Levels

TRADING ZONE: Resistance: 17000 (Key Resistance) / 17065 (Key Support)

Support: 16850 (Intraday Support) / 16722 (Gap Support)

BROADER MARKET: OUTPERFORMED,

MIDCAP 28242 (1.94%), SMALLCAP 10193 (1.53%)

Advance-Decline: 1395 / 581

VIEW: Bullish till above 16722 (Gap Support).

BANKNIFTY SPOT: 36347.65 (2.02%)

DYNAMIC PARAMETER: Index closed at 5 Week High

TRADING ZONE:

Resistance: 36500 (Key Resistance) / 37000 (Key Resistance)

Support: 36000 (Intraday Support) / 35706 (20 Day SMA)

VIEW: Bullish till above 35706 (20 Day SMA).

Key Highlights:

* Nifty September Futures ended 224.25 points up @ 16942.40 with a premium of 11.35 points.

* Nifty futures open interest increased by 4.52 lakh shares with September series total open interest stands at 1.39 crore shares.

* Nifty 17000 call has highest OI, whereas 16000 put holds the highest OI and Banknifty 36000 call has highest OI and 36000 put has highest OI.

* Nifty 17400 call saw addition of 5.63 lakh shares in OI, whereas 16800 put saw addition of 6.87 lakh shares In OI.

* India VIX ended 0.67% down @ 13.32 against the previous close of 13.41

Technical Snapshot

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