Pre-market Analysis Nifty Bank Nifty 22 February 2023

Market Recap

  • Nifty declined 0.40% to close at 17755.35

  • Bank Nifty declined 0.44% to close at 40494.15

  • India VIX advanced 4.67% to close at 14.01

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
46.34 -25.57 17824.11 18007.14

Nifty Open Interest Analysis

Feature Value
Support 17700
Resistance 18000
PCR 0.666349

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17900 8251 43.5294 27206
18000 6548 23.8092 34050
18600 5441 71.7242 13027

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17900 7888 35.9903 29805
17800 5874 41.7989 19927
17400 5759 50.2662 17216

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18500 -465 -3.88179 11514
19000 -292 -3.35748 8405
18400 -212 -1.73075 12037

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18100 -605 -20.5922 2333
18400 -363 -51.2712 345
18600 -10 -2.65957 366

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
37.14 -284.26 41238.39 42175.40

Bank Nifty Open Interest Analysis

Feature Value
Support 40100
Resistance 41800
PCR 0.569038

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 2918 25.3938 14409
42200 2553 77.5046 5847
42000 2384 16.0614 17227

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39500 3622 34.837 14019
40700 2602 103.748 5110
40000 2399 24.6077 12148

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41500 -2109 -8.30642 23281
42500 -1901 -14.9556 10810
42400 -1747 -47.0509 1966

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40500 -2324 -15.6141 12560
41500 -1382 -22.1262 4864
41200 -778 -28.4877 1953

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Hero Motocorp Limited HEROMOTOCO -0.27% 2520.55
State Bank Of India SBIN -0.32% 523.45
Kotak Mahindra Bank Limited KOTAKBANK -0.41% 1730.2
Hindalco Industries Limited HINDALCO -0.63% 431.5
Bharat Petroleum Corporation Limited BPCL -0.89% 323.25

Breakout Stocks

Name Symbol % Change Closing Price
Siemens Limited SIEMENS 3.04% 3294.2
Cera Sanitaryware Limited CERA 2.07% 6569.4
Jindal Stainless Limited JSL 2.04% 273.15
Bosch Limited BOSCHLTD 1.61% 18476.3
Cyient Limited CYIENT 1.48% 952.8

Positional Long Stocks

Name Symbol % Change Closing Price
Mahindra & Mahindra Limited M&M 0.42% 1351.85

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.

« 21 February 2023 Nifty Analysis

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