Pre-market Analysis Nifty Bank Nifty 03 March 2023

Market Recap

  • Nifty declined 0.74% to close at 17321.90

  • Bank Nifty declined 0.76% to close at 40389.80

  • India VIX declined 0.19% to close at 12.97

Global Data

Script Trend Volatility
Dow Jones Index Bullish High Volatility
DAX Bearish High Volatility
Gold Bullish 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
34.53 -151.98 17716.53 17868.01

Nifty Open Interest Analysis

Feature Value
Support 17200
Resistance 17600
PCR 0.422889

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18000 103046 356.77 131929
17400 98385 309.884 130134
17900 63539 318.459 83491

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17300 39658 163.565 63904
17000 30981 87.3787 66437
17100 27571 135.731 47884

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
16900 178 144.715 301
18900 469 115.233 876
19100 1000 775.194 1129

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19500 0 0 263
19300 0 0 0
19200 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
40.82 -417.56 40969.38 41702.84

Bank Nifty Open Interest Analysis

Feature Value
Support 39900
Resistance 42100
PCR 0.51403

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40500 55007 272.555 75189
41000 52614 251.129 73565
42500 51297 521.046 61142

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 33492 138.838 57615
40500 31162 146.921 52372
39000 20033 125.536 35991

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39100 3 3.57143 87
38900 11 17.7419 73
39200 14 11.2903 138

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
46500 0 0 0
42900 0 0 0
43200 0 0 0

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
NIFTY NIFTY -0.74% 17321.9
Wipro Limited WIPRO -0.74% 388.05
Tata Steel Limited TATASTEEL -0.81% 104.65
Hdfc Bank Limited HDFCBANK -0.85% 1584.45
Titan Company Limited TITAN -0.98% 2358.95
Cipla Limited CIPLA -1.46% 886.45
Nestle India Limited NESTLEIND -1.58% 18481.8
Infosys Limited INFY -1.6% 1472.15
SBI Life Insurance Company Ltd SBILIFE -1.61% 1100.15
Mahindra & Mahindra Limited M&M -1.62% 1251.55
Tata Consultancy Services Limited TCS -1.9% 3321.45

Breakout Stocks

Name Symbol % Change Closing Price
Suprajit Engineering Limited SUPRAJIT 3.72% 371.9
Jindal Stainless Limited JSL 2.88% 278.95
Crisil Limited CRISIL 1.56% 3482.85
Equitas Small Finance Bank Ltd EQUITASBNK 1.24% 73.6

Positional Long Stocks

Name Symbol % Change Closing Price
Carborundum Universal Limited CARBORUNIV 1.97% 993.95

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.

« 02 March 2023 Nifty Analysis

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