Pre-market Analysis Nifty Bank Nifty 07 May 2024

Market Recap

  • Nifty declined 0.15% to close at 22442.70

  • Bank Nifty declined 0.06% to close at 48895.30

  • India VIX advanced 13.56% to close at 16.60

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
51.72 77.84 22454.30 22293.50

Nifty Open Interest Analysis

Feature Value
Support 22300
Resistance 22800
PCR 0.325767

Call Open Interest Additions

Put Open Interest Additions

Nothing Significant

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Fin Nifty Technicals

RSI MACD 20 SMA 50 SMA
61.29 215.35 21492.19 21057.57

Fin Nifty Open Interest Analysis

Feature Value
Support 21700
Resistance 22200
PCR 0.466599

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
59.53 473.15 48398.50 47532.57

Bank Nifty Open Interest Analysis

Feature Value
Support 48300
Resistance 49300
PCR 0.293498

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

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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