07-07-2021 09:34 AM | Source: GEPL Capital Ltd
The NIFTY manages to sustain above 15800 mark - GEPL Capital
News By Tags | #57 #879

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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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