The NIFTY manages to sustain above 15800 mark - GEPL Capital
Key Highlights:
The NIFTY manages to sustain above 15800 mark….
NIFTY SPOT: 15818.25 (-0.10%)
DYNAMIC PARAMETER: Index formed Shooting Star candle pattern.
TRADING ZONE: Resistance: 15915 (All Time High) / 15987 (Key Resistance)
Support: 15759 (20 Day SMA) / 15635 (3 Day Low)
BROADER MARKET: UNDERPERFORMED, MIDCAP 27149 (-0.05%),
SMALLCAP 9914 (-0.66%)
Advance-Decline: 854 / 1085
VIEW: Bullish till above 15431 (Previous Swing High).
BANKNIFTY SPOT: 35579.15 (1.04%)
DYNAMIC PARAMETER: Index maintained Higher Top Higher Bottom pattern.
TRADING ZONE:
Resistance: 35810 (June 2021 High) / 36497 (March 2021 High)
Support: 35350 (Intraday Support) / 35165 (Day Low)
VIEW: Bullish till above 33908 (June 2021 Low).
Key Highlights:
* Nifty July Futures ended 20.65 points down @ 15837.45 with a discount of 19.20 points.
* Nifty futures open interest increased by 2.08 lakh shares with July series total open interest stands at 0.95 crore shares.
* Nifty 16000 call has highest OI, whereas 15500 put holds the highest OI and Banknifty 37000 call has highest OI and 34000 put has highest OI.
* Nifty 16200 call saw addition of 0.59 lakh shares in OI, whereas 15500 put saw addition of 1.85 lakh shares In OI.
* India VIX ended 1.74% up @ 12.28 against the previous close of 12.07
Technical Snapshot
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