Pre-market Analysis Nifty Bank Nifty 31 May 2024

Market Recap

  • Nifty declined 0.95% to close at 22488.65

  • Bank Nifty advanced 0.37% to close at 48682.35

  • India VIX unchanged 0.00% to close at 24.17

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
49.13 109.65 22482.12 22379.15

Nifty Open Interest Analysis

Feature Value
Support 22300
Resistance 22800
PCR 0.382411

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
52.62 114.21 21533.67 21315.56

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
54.52 211.86 48341.86 47944.40

Bank Nifty Open Interest Analysis

Feature Value
Support 47900
Resistance 49400
PCR 0.401047

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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