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Key Highlights:

NIFTY continues to make fresh All Time Highs, however it unable to sustain at higher levels….

NIFTY SPOT: 14590.35 (-0.37%)

DYNAMIC PARAMETER: Nifty formed Dark Cloud Cover candle pattern.

TRADING ZONE:

Resistance: 14655 (Key Resistance) / 14753 (Day High)

Support: 14517 (Day Low) / 14430 (Key Support)

BROADER MARKET: UNDERPERFORMED MIDCAP 21927 (-1.22%), SMALLCAP 7391 (-0.64%)

Advance-Decline: 621 / 1296

VIEW: Bullish till above 14222 (5 Day Low).

BANKNIFTY SPOT: 32186.90 (-1.10%)

DYNAMIC PARAMETER: Index formed Engulfing Bearish candle pattern

TRADING ZONE:

Resistance: 32550 (Intraday Resistance) / 32842 (Day High)

Support: 31985 (Day Low ) / 31765 (20 Day SMA)

VIEW: Bullish till above 31650 (5 Daily Low)

Key Highlights:

* Nifty January Futures ended 46.50 points down @ 14598.65 with a discount of 46.50 point.

* Nifty futures open interest decreased by 3.07 lakh shares with January series total open interest stands at 1.21 crore shares.

* Nifty 15000 call has highest OI, whereas 14000 put holds the highest OI and Banknifty 33000 call has highest OI and 30000 put has highest OI.

* Nifty 15200 call saw addition of 8.54 lakh shares in OI, whereas 14600 put saw addition of 8.70 lakh shares In OI.

* India VIX ended 2.92% up @ 22.18 against the previous close of 21.55

Technical Snapshot

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