Pre-market Analysis Nifty Bank Nifty 06 May 2024

Market Recap

  • Nifty declined 0.76% to close at 22475.85

  • Bank Nifty declined 0.62% to close at 48923.55

  • India VIX advanced 8.72% to close at 14.62

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
52.82 87.07 22453.90 22285.46

Nifty Open Interest Analysis

Feature Value
Support 22300
Resistance 22800
PCR 0.33484

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Fin Nifty Technicals

RSI MACD 20 SMA 50 SMA
63.21 217.72 21464.87 21031.01

Fin Nifty Open Interest Analysis

Feature Value
Support 21700
Resistance 22200
PCR 0.38645

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
59.93 484.95 48334.95 47479.04

Bank Nifty Open Interest Analysis

Feature Value
Support 48300
Resistance 49300
PCR 0.282109

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

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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