Pre-market Analysis Nifty Bank Nifty 08 November 2023

Market Recap

  • Nifty declined 0.03% to close at 19406.70

  • Bank Nifty advanced 0.27% to close at 43737.90

  • India VIX advanced 0.79% to close at 11.19

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
50.29 -109.44 19406.41 19560.83

Nifty Open Interest Analysis

Feature Value
Support 19000
Resistance 19500
PCR 0.572262

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
50.85 -311.00 43554.50 44280.71

Bank Nifty Open Interest Analysis

Feature Value
Support 42900
Resistance 44400
PCR 0.705178

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

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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