Pre-market Analysis Nifty Bank Nifty 10 May 2024

Market Recap

  • Nifty declined 1.55% to close at 21957.50

  • Bank Nifty declined 1.11% to close at 47487.90

  • India VIX advanced 6.56% to close at 18.20

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
37.80 2.67 22397.69 22297.27

Nifty Open Interest Analysis

Feature Value
Support 21900
Resistance 22400
PCR 0.322098

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
42.71 119.02 21468.73 21099.67

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
42.92 231.61 48331.44 47598.48

Bank Nifty Open Interest Analysis

Feature Value
Support 46900
Resistance 47900
PCR 0.275782

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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