Pre-market Analysis Nifty Bank Nifty 16 January 2024

Market Recap

  • Nifty advanced 0.93% to close at 22097.45

  • Bank Nifty advanced 0.94% to close at 48158.30

  • India VIX advanced 5.23% to close at 13.78

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
74.36 316.18 21577.88 20644.90

Nifty Open Interest Analysis

Feature Value
Support 21600
Resistance 22100
PCR 0.677068

Call Open Interest Additions

Nothing Significant

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
61.87 175.14 21362.06 20587.13

Fin Nifty Open Interest Analysis

Feature Value
Support 21300
Resistance 22000
PCR 0.54648

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
61.66 416.24 47832.45 45989.50

Bank Nifty Open Interest Analysis

Feature Value
Support 47200
Resistance 48200
PCR 0.553927

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

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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