Pre-market Analysis Nifty Bank Nifty 07 March 2023

Market Recap

  • Nifty advanced 0.67% to close at 17711.45

  • Bank Nifty advanced 0.24% to close at 41350.40

  • India VIX advanced 0.72% to close at 12.27

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
50.27 -116.08 17700.88 17855.45

Nifty Open Interest Analysis

Feature Value
Support 17300
Resistance 18000
PCR 0.602382

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18000 8794 53.2163 25319
18300 5558 207.079 8242
18100 5396 96.8761 10966

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17700 11059 615.415 12856
17600 8116 192.322 12336
17500 6224 69.4953 15180

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -2824 -32.5421 5854
17400 -741 -36.0058 1317
17300 -698 -37.2664 1175

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19500 0 0 0
19300 0 0 0
19200 0 0 8

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
53.71 -256.95 40955.75 41654.36

Bank Nifty Open Interest Analysis

Feature Value
Support 39900
Resistance 42100
PCR 0.685485

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
42000 7961 84.7727 17352
41500 7097 137.167 12271
43500 6039 370.491 7669

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 6350 131.361 11184
41500 5090 323.586 6663
40500 4000 66.4452 10020

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40900 -518 -48.186 557
41200 -483 -19.0758 2049
40800 -442 -44.6465 548

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39900 -411 -18.9576 1757
42400 -109 -6.15819 1661
42200 -87 -21.5347 317

Bullish Stocks

Name Symbol % Change Closing Price
Ntpc Limited NTPC 2.43% 176.8

Bearish Stocks

Name Symbol % Change Closing Price
Jsw Steel Limited JSWSTEEL -1.18% 674.25

Breakout Stocks

Name Symbol % Change Closing Price
Sonata Software Limited SONATSOFTW 3.7% 823.55
Gail (india) Limited GAIL 3.61% 109.05
Suprajit Engineering Limited SUPRAJIT 1.81% 387.75

Positional Long Stocks

Name Symbol % Change Closing Price
Ncc Limited NCC 3.71% 93.6
Siemens Limited SIEMENS 1.85% 3222.15
Mahindra & Mahindra Financial Services Limited M&MFIN 0.89% 256.2

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.

« 06 March 2023 Nifty Analysis

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