Pre-market Analysis Nifty Bank Nifty 08 May 2024

Market Recap

  • Nifty declined 0.62% to close at 22302.50

  • Bank Nifty declined 1.25% to close at 48285.35

  • India VIX advanced 2.45% to close at 17.01

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
47.22 58.54 22443.69 22297.11

Nifty Open Interest Analysis

Feature Value
Support 22100
Resistance 22600
PCR 0.289441

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
54.63 195.08 21500.69 21078.98

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
51.53 409.85 48409.73 47570.58

Bank Nifty Open Interest Analysis

Feature Value
Support 47900
Resistance 48900
PCR 0.259389

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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