MARKET ANALYSIS 04-DEC-2023

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Market analysis

Trend 📈: uptrend nifty & Bank nifty

Previous day candle : big green candle (nifty & Bank nifty) 

Nifty resistance:20291,20342,20386,20400,20,500,20600
Nifty support:20184,20158,20094,20050,20400,,20450

BANK nifty support:44495,44600,44,700,44,800
Bank nifty resistance: 44960,45106,45275

Nifty open interest (oi)
Highest call oi :20400 
Highest put oi :20000
Pcr:1.24

India vix:12.4

BANK nifty open interest (oi)
Highest call oi :45000
Highest put oi :44500
Pcr:0.8

Global market outlook
US MARKET POSTIVE
EUROPE POSTIVE
ASIAN MARKET Negative 

Gifty nifty positive

We can expect gap up opening 
Election result might be impact market 


Have a good day 
thank you 




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