Pre-market Analysis Nifty Bank Nifty 20 February 2023

Market Recap

  • Nifty declined 0.56% to close at 17844.60

  • Bank Nifty declined 1.05% to close at 40701.70

  • India VIX advanced 2.27% to close at 13.38

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
47.04 -22.27 17838.70 18020.55

Nifty Open Interest Analysis

Feature Value
Support 17700
Resistance 18100
PCR 0.628147

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17900 13491 246.907 18955
18000 10621 62.9169 27502
18100 4471 38.8884 15968

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17900 10765 96.5298 21917
17500 3808 30.1004 16459
17400 3750 48.6571 11457

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18700 -824 -16.4242 4193
18400 -149 -1.20181 12249
18900 90 6.84411 1405

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18200 -351 -21.5734 1276
18100 -85 -2.81178 2938
19600 0 0 1

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
37.43 -249.17 41345.77 42234.59

Bank Nifty Open Interest Analysis

Feature Value
Support 40100
Resistance 42000
PCR 0.534364

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41500 12288 93.7872 25390
41000 6617 135.761 11491
42000 4394 42.0519 14843

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40500 4640 45.2948 14884
40600 3511 473.181 4253
39500 2979 40.1591 10397

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41700 -1354 -21.0543 5077
42900 -792 -47.539 874
43400 -127 -20.32 498

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41400 -4653 -71.3322 1870
41500 -1374 -18.0315 6246
41700 -231 -34.0708 447

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Axis Bank Limited AXISBANK -0.95% 846.75
Nestle India Limited NESTLEIND -1.04% 18823
Housing Development Finance Corporation Limited HDFC -1.4% 2655.9
Bharat Petroleum Corporation Limited BPCL -1.67% 326.15
Cipla Limited CIPLA -6.02% 964

Breakout Stocks

Name Symbol % Change Closing Price
Persistent Systems Limited PERSISTENT 3.09% 5062.05
Shree Cements Limited SHREECEM 2.93% 26512.9
Linde India Limited LINDEINDIA 2.06% 3809.95
Ultratech Cement Limited ULTRACEMCO 1.77% 7426.85
Zensar Technologies Limited ZENSARTECH 1.61% 271.2

Positional Long Stocks

Name Symbol % Change Closing Price
Kalyan Jewellers India Ltd KALYANKJIL 6.75% 118.65

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.

« 19 February 2023 Nifty Analysis

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