Pre-market Analysis Nifty Bank Nifty 08 January 2024

Market Recap

  • Nifty advanced 0.24% to close at 21710.80

  • Bank Nifty declined 0.08% to close at 48159.00

  • India VIX declined 5.25% to close at 12.63

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
70.60 370.68 21356.24 20329.17

Nifty Open Interest Analysis

Feature Value
Support 21500
Resistance 22000
PCR 0.670502

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Fin Nifty Technicals

RSI MACD 20 SMA 50 SMA
65.95 293.30 21338.68 20335.16

Fin Nifty Open Interest Analysis

Feature Value
Support 21300
Resistance 22000
PCR 0.59707

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
64.06 723.67 47731.43 45420.91

Bank Nifty Open Interest Analysis

Feature Value
Support 47300
Resistance 48300
PCR 0.465338

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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