Pre-market Analysis Nifty Bank Nifty 16 July 2024

Market Recap

  • Nifty advanced 0.35% to close at 24586.70

  • Bank Nifty advanced 0.34% to close at 52455.90

  • India VIX advanced 3.37% to close at 14.19

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
73.98 364.61 24049.32 23222.06

Nifty Open Interest Analysis

Feature Value
Support 24200
Resistance 24700
PCR 0.520939

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
63.76 370.75 23454.86 22399.91

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
59.33 647.92 52270.16 50145.64

Bank Nifty Open Interest Analysis

Feature Value
Support 51500
Resistance 53000
PCR 0.673517

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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