Pre-market Analysis Nifty Bank Nifty 18 October 2023

Market Recap

  • Nifty advanced 0.40% to close at 19811.50

  • Bank Nifty advanced 0.42% to close at 44409.50

  • India VIX declined 3.39% to close at 10.69

Global Data

Script Trend Volatility
Dow Jones Index Bullish High
DAX Bullish Low
Gold Bullish Low
Brent Crude Bullish High
USD/INR Bullish Low
GBP/INR Bearish Low

Nifty Technicals

RSI MACD 20 SMA 50 SMA
55.38 20.19 19696.74 19619.75

Nifty Open Interest Analysis

Feature Value
Support 19500
Resistance 20000
PCR 0.683166

Call Open Interest Additions

Nothing Significant

Put Open Interest Additions

Nothing Significant

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
47.57 -152.98 44534.38 44607.97

Bank Nifty Open Interest Analysis

Feature Value
Support 43000
Resistance 44500
PCR 0.700024

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Bullish Stocks

None

Bearish Stocks

None

Breakout Stocks

None

Positional Long Stocks

None

That’s all for today! We are not SEBI Registered Advisors, Trading in Stocks comes with risk, content is for educational purposes, please contact your financial advisor before taking any trades.

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