Pre-market Analysis Nifty Bank Nifty 23 May 2024

Market Recap

  • Nifty advanced 0.07% to close at 22614.10

  • Bank Nifty advanced 0.25% to close at 47899.35

  • India VIX declined 1.57% to close at 21.47

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
59.48 41.98 22397.94 22325.34

Nifty Open Interest Analysis

Feature Value
Support 22400
Resistance 22900
PCR 0.580332

Call Open Interest Additions

Nothing Significant

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Fin Nifty Technicals

RSI MACD 20 SMA 50 SMA
50.79 23.53 21464.42 21218.18

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
48.74 -14.02 48254.72 47783.29

Bank Nifty Open Interest Analysis

Feature Value
Support 47200
Resistance 48200
PCR 0.358586

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

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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