Pre-market Analysis Nifty Bank Nifty 06 June 2024

Market Recap

  • Nifty advanced 3.36% to close at 22620.35

  • Bank Nifty advanced 4.53% to close at 49054.60

  • India VIX declined 29.40% to close at 18.89

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
51.26 61.33 22503.63 22424.28

Nifty Open Interest Analysis

Feature Value
Support 22200
Resistance 22700
PCR 0.142238

Call Open Interest Additions

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
51.49 89.98 21526.60 21399.92

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
52.81 231.31 48372.45 48136.45

Bank Nifty Open Interest Analysis

Feature Value
Support 52700
Resistance 54200
PCR 0.309695

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

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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