Pre-market Analysis Nifty Bank Nifty 28 February 2023

Market Recap

  • Nifty declined 0.42% to close at 17392.70

  • Bank Nifty advanced 1.00% to close at 40307.10

  • India VIX declined 2.19% to close at 13.88

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
32.75 -114.11 17757.13 17926.58

Nifty Open Interest Analysis

Feature Value
Support 17200
Resistance 17600
PCR 0.464374

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17400 12147 834.845 13602
17500 8536 116.374 15871
17600 6348 71.8425 15184

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17400 9617 171.793 15215
17000 4357 36.3356 16348
17300 2747 58.0884 7476

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17900 -858 -8.41506 9338
18600 -192 -13.803 1199
18800 -182 -12.6477 1257

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -1177 -28.8693 2900
17800 -482 -25.2621 1426
18100 -17 -2.9877 552

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
37.64 -473.65 40993.40 41875.62

Bank Nifty Open Interest Analysis

Feature Value
Support 39600
Resistance 40700
PCR 0.631731

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
43000 2101 65.4313 5312
41000 1980 26.1214 9560
42000 1867 24.0438 9632

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39000 4150 59.7638 11094
40000 3766 67.8803 9314
39600 3265 530.032 3881

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41700 -1031 -44.192 1302
40000 -900 -19.5525 3703
43600 -714 -86.6505 110

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
43000 -5 -0.874126 567
42300 -2 -3.63636 53
41900 -1 -2.22222 44

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Cipla Limited CIPLA -1.21% 950.2
Hero Motocorp Limited HEROMOTOCO -1.94% 2437.55
Upl Limited UPL -4.06% 708.3
Bajaj Auto Limited BAJAJ-AUTO -5.46% 3639.85

Breakout Stocks

Name Symbol % Change Closing Price
Crisil Limited CRISIL 3.84% 3341.65

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.

« 27 February 2023 Nifty Analysis

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