Pre-market Analysis Nifty Bank Nifty 21 February 2023

Market Recap

  • Nifty advanced 0.18% to close at 17877.05

  • Bank Nifty declined 0.25% to close at 40598.80

  • India VIX advanced 5.88% to close at 13.85

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 Bullish Low Volatility
GBP/INR Bearish 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 0.628566

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18300 978 5.33348 19315
18500 428 3.57292 12407
18100 304 1.90381 16272

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17800 533 3.79278 14586
17900 429 1.95738 22346
17700 189 1.45654 13165

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17900 -554 -2.92271 18401
17800 -124 -2.15877 5620
19400 -23 -7.51634 283

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -69 -0.554752 12369
18600 -32 -8.51064 344
17500 -27 -0.164044 16432

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 39900
Resistance 41900
PCR 0.537453

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
42000 632 4.2579 15475
42500 352 2.76925 13063
40800 267 11.5835 2572

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40600 238 5.59605 4491
40000 203 2.08226 9952
39500 194 1.86592 10591

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
42700 -5 -0.237756 2098
43000 -1 -0.00875503 11421
43200 0 0 0

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39400 -20 -2.58398 754
40200 -8 -0.41841 1904
41400 -4 -0.213904 1866

Bullish Stocks

None

Bearish Stocks

None

Breakout Stocks

None

Positional Long Stocks

Name Symbol % Change Closing Price
Mahindra & Mahindra Limited M&M 0.65% 1354.95

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.

« 20 February 2023 Nifty Analysis

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