Pre-market Analysis Nifty Bank Nifty 17 May 2024

Market Recap

  • Nifty advanced 0.92% to close at 22403.85

  • Bank Nifty advanced 0.61% to close at 47977.05

  • India VIX declined 1.37% to close at 20.00

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
53.21 -26.09 22329.95 22302.86

Nifty Open Interest Analysis

Feature Value
Support 22000
Resistance 22500
PCR 0.395321

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
52.52 27.51 21420.41 21166.56

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
49.77 21.67 48189.41 47715.28

Bank Nifty Open Interest Analysis

Feature Value
Support 47100
Resistance 48100
PCR 0.335617

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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