Pre-market Analysis Nifty Bank Nifty 31 January 2024

Market Recap

  • Nifty declined 0.99% to close at 21522.10

  • Bank Nifty declined 0.16% to close at 45367.75

  • India VIX advanced 2.69% to close at 16.10

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
51.91 121.30 21629.68 21047.20

Nifty Open Interest Analysis

Feature Value
Support 21100
Resistance 21600
PCR 0.430251

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
38.67 -197.66 20935.67 20764.51

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
38.28 -455.71 46842.59 46388.11

Bank Nifty Open Interest Analysis

Feature Value
Support 44400
Resistance 45400
PCR 0.3436

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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