Pre-market Analysis Nifty Bank Nifty 10 March 2023

Market Recap

  • Nifty declined 0.93% to close at 17589.60

  • Bank Nifty declined 0.77% to close at 41256.75

  • India VIX advanced 2.21% to close at 12.73

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 Bullish Low Volatility
GBP/INR Bullish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
46.10 -88.59 17688.42 17839.39

Nifty Open Interest Analysis

Feature Value
Support 17400
Resistance 17800
PCR 0.433749

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17700 103219 371.612 130995
18200 62980 277.971 85637
17800 51845 176.098 81286

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17600 34613 127.02 61863
17300 26033 159.526 42352
17200 22105 175.186 34723

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17100 309 142.396 526
19200 442 161.314 716
17300 443 38.0258 1608

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19300 0 0 0
19200 0 0 8
19100 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
51.87 -136.19 40946.01 41620.51

Bank Nifty Open Interest Analysis

Feature Value
Support 40600
Resistance 42000
PCR 0.503921

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41500 45617 229.982 65452
42000 36976 148.242 61919
43000 32901 239.629 46631

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40800 24557 442.15 30111
40000 18188 126.534 32562
41000 18020 79.5796 40664

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39900 -3 -1.67598 176
40100 -1 -0.483092 206
39800 9 12.1622 83

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
42400 -232 -14.0777 1416
41600 -73 -1.15251 6261
46500 0 0 0

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Divi’s Laboratories Limited DIVISLAB -0.86% 2810.2
Britannia Industries Limited BRITANNIA -1.1% 4291.7
Titan Company Limited TITAN -1.2% 2368.25
Hero Motocorp Limited HEROMOTOCO -1.38% 2443.8
TATA Consumer Products Ltd TATACONSUM -1.56% 709.25
Tata Consultancy Services Limited TCS -1.58% 3336.85
Bajaj Finance Limited BAJFINANCE -1.59% 5901.3
SBI Life Insurance Company Ltd SBILIFE -2.88% 1096.7
Mahindra & Mahindra Limited M&M -3.24% 1248.15

Breakout Stocks

Name Symbol % Change Closing Price
Linde India Limited LINDEINDIA 4.19% 4047.65
Sterling & Wilson Renewable Energy Ltd SWSOLAR 3.68% 325.55
Ccl Products (india) Limited CCL 2.61% 579.95
Mahanagar Gas Limited MGL 0.98% 997

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.

« 09 March 2023 Nifty Analysis

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