Pre-market Analysis Nifty Bank Nifty 16 April 2024

Market Recap

  • Nifty declined 1.10% to close at 22272.50

  • Bank Nifty declined 1.63% to close at 47773.25

  • India VIX advanced 8.11% to close at 12.47

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
48.74 124.55 22283.96 22140.64

Nifty Open Interest Analysis

Feature Value
Support 22100
Resistance 22600
PCR 0.718322

Call Open Interest Additions

Put Open Interest Additions

Nothing Significant

Call Open Interest Reductions

Put Open Interest Reductions

Fin Nifty Technicals

RSI MACD 20 SMA 50 SMA
51.67 212.14 21063.89 20752.28

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
53.02 456.51 47432.68 46837.33

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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