Nifty continues to make a fresh Life Time Highs, however it unable to sustain at higher levels - GEPL Capital
Key Highlights:
NIFTY continues to make a fresh Life Time Highs, however it unable to sustain at higher levels….
NIFTY SPOT: 15635.35 (-0.67%)
DYNAMIC PARAMETER: Index formed Lower Top Lower Bottom pattern
TRADING ZONE: Resistance: 15700 (Intraday Resistance) / 15800 (All Time High)
Support: 15566 (Day Low) / 15459 (6 Day Low)
BROADER MARKET: UNDERPERFORMED, MIDCAP 26847 (-0.72%), SMALLCAP 9544 (-1.35%)
Advance-Decline: 713 / 1217
VIEW: Bullish till above 15374 (2 Week Low).
BANKNIFTY SPOT: 34800.50 (-0.81%)
DYNAMIC PARAMETER: Index maintained Lower Top Lower Bottom pattern
TRADING ZONE:
Resistance: 35100 (Intraday Resistance) / 35402 (Day High)
Support: 34533 (20 Day SMA) / 34410 (Swing Low)
VIEW: Bearish till below 34930 (Previous Week Low).
Key Highlights:
* Nifty June Futures ended 108.35 points down @ 15660.25 with a premium of 24.90 points.
* Nifty futures open interest decreased by 1.89 lakh shares with June series total open interest stands at 1.07 crore shares.
* Nifty 16000 call has highest OI, whereas 15000 put holds the highest OI and Banknifty 35000 call has highest OI and 33000 put has highest OI.
* Nifty 15800 call saw addition of 1.74 lakh shares in OI, whereas 15500 put saw addition of 2.72 lakh shares In OI
* India VIX ended 3.15% down @ 14.75 against the previous close of 15.23
Technical Snapshot
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