Pre-market Analysis Nifty Bank Nifty 12 March 2024

Market Recap

  • Nifty declined 0.72% to close at 22332.65

  • Bank Nifty declined 1.06% to close at 47327.85

  • India VIX advanced 2.81% to close at 13.99

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
58.08 177.16 22130.52 21862.67

Nifty Open Interest Analysis

Feature Value
Support 22000
Resistance 22500
PCR 0.501628

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Nothing Significant

Fin Nifty Technicals

RSI MACD 20 SMA 50 SMA
55.41 84.92 20587.86 20747.40

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
56.22 346.54 46653.92 46698.98

Bank Nifty Open Interest Analysis

Feature Value
Support 46400
Resistance 47400
PCR 0.379099

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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