Pre-market Analysis Nifty Bank Nifty 24 February 2023

Market Recap

  • Nifty advanced 0.46% to close at 17591.35

  • Bank Nifty advanced 0.64% to close at 40259.10

  • India VIX declined 3.29% to close at 15.07

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
36.00 -72.01 17776.87 17963.08

Nifty Open Interest Analysis

Feature Value
Support 17400
Resistance 17800
PCR 0.380263

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18500 137734 803.911 154867
17500 65573 660.352 75503
17600 65029 258.74 90162

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 58611 209.932 86530
17200 29467 161.136 47754
17600 21704 75.5895 50417

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17100 284 298.947 379
19400 583 182.759 902
17200 711 275.581 969

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17800 -1390 -8.63193 14713
17900 -1318 -6.17706 20019
19600 0 0 1

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
31.02 -421.77 41019.21 42022.24

Bank Nifty Open Interest Analysis

Feature Value
Support 39000
Resistance 40900
PCR 0.452282

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 79708 357.595 101998
43000 57893 404.337 72211
42000 34313 137.77 59219

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 69263 234.846 98756
39000 22245 108.9 42672
39400 16256 505.787 19470

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
38700 0 0 0
43400 0 0 0
44800 13 18.3099 84

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40600 -711 -27.4411 1880
43100 -4 -9.52381 38
42900 -4 -14.8148 23

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Nestle India Limited NESTLEIND -0.14% 18648
Housing Development Finance Corporation Limited HDFC -0.64% 2600.5
TATA Consumer Products Ltd TATACONSUM -0.74% 716.1
Bharti Airtel Limited BHARTIARTL -1.19% 762.95
Indusind Bank Limited INDUSINDBK -1.57% 1075.6
Asian Paints Limited ASIANPAINT -3.22% 2705.95

Breakout Stocks

None

Positional Long Stocks

None

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.

« 23 February 2023 Nifty Analysis

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