Pre-market Analysis Nifty Bank Nifty 23 February 2023

Market Recap

  • Nifty declined 1.53% to close at 17554.30

  • Bank Nifty declined 1.67% to close at 39995.90

  • India VIX advanced 11.28% to close at 15.59

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
37.21 -49.91 17795.91 17986.07

Nifty Open Interest Analysis

Feature Value
Support 17300
Resistance 18000
PCR 0.565047

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17700 33383 1016.23 36668
17800 29338 375.454 37152
17600 24050 2220.68 25133

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17600 12135 73.1994 28713
17200 11260 160.239 18287
17400 9275 53.8743 26491

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18300 -2921 -14.2634 17558
18200 -1236 -4.86461 24172
18700 -245 -3.26188 7266

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17900 -8468 -28.4113 21337
17800 -3824 -19.19 16103
18000 -3256 -28.2958 8251

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
30.94 -363.50 41101.51 42101.14

Bank Nifty Open Interest Analysis

Feature Value
Support 39500
Resistance 41200
PCR 0.557099

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 21219 1981.23 22290
41000 19572 135.832 33981
40500 19362 490.053 23313

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 17345 142.781 29493
39000 7223 54.7031 20427
38500 6755 147.909 11322

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
42200 -2563 -43.8344 3284
43500 -1092 -15.3027 6044
41700 -753 -13.4488 4846

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40600 -3579 -58.0065 2591
40700 -2697 -52.7789 2413
40800 -1881 -51.8039 1750

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Sun Pharmaceuticals Industries Limited SUNPHARMA -0.31% 968.55
Cipla Limited CIPLA -0.35% 962.55
Hero Motocorp Limited HEROMOTOCO -0.84% 2499.45
Nestle India Limited NESTLEIND -0.93% 18674.2
Coal India Limited COALINDIA -1.03% 211.85
Axis Bank Limited AXISBANK -1.27% 833.35
NIFTY NIFTY -1.53% 17554.3
Kotak Mahindra Bank Limited KOTAKBANK -1.71% 1700.55
Housing Development Finance Corporation Limited HDFC -1.84% 2617.3
Hdfc Bank Limited HDFCBANK -1.96% 1614.2
Grasim Industries Limited GRASIM -3.61% 1574.15

Breakout Stocks

None

Positional Long Stocks

Name Symbol % Change Closing Price
Ccl Products (india) Limited CCL 2.6% 549.05

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.

« 22 February 2023 Nifty Analysis

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