Pre-market Analysis Nifty Bank Nifty 14 March 2023

Market Recap

  • Nifty declined 1.49% to close at 17154.30

  • Bank Nifty declined 2.27% to close at 39564.70

  • India VIX advanced 20.89% to close at 16.22

Global Data

Script Trend Volatility
Dow Jones Index Bearish High Volatility
DAX Bearish 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
34.89 -123.59 17629.29 17804.46

Nifty Open Interest Analysis

Feature Value
Support 17100
Resistance 17500
PCR 0.448768

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 12482 220.413 18145
17600 6826 68.2327 16830
17300 6705 546.9 7931

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17200 3394 92.9608 7045
16800 2770 54.165 7884
16700 2538 113.405 4776

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18600 -93 -7.11553 1214
18800 -12 -2.12014 554
19400 0 0 46

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -132 -6.45161 1914
17800 -124 -9.19881 1224
17700 -39 -2.92135 1296

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
35.38 -261.17 40792.84 41499.93

Bank Nifty Open Interest Analysis

Feature Value
Support 39200
Resistance 41600
PCR 0.459583

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 10033 280.565 13609
40500 6288 166.835 10057
40000 5750 507.951 6882

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
38500 4708 171.262 7457
39500 2612 53.2301 7519
39000 1761 43.8496 5777

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41300 -510 -21.5827 1853
45500 -23 -9.42623 221
42900 0 0 0

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40500 -684 -10.944 5566
40600 -261 -27.0466 704
40400 -228 -25.0549 682

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Divi’s Laboratories Limited DIVISLAB -0.74% 2767
Upl Limited UPL -0.98% 704.7
Hdfc Bank Limited HDFCBANK -1.27% 1568.55
Tata Consultancy Services Limited TCS -1.47% 3281.95
Reliance Industries Limited RELIANCE -1.64% 2284.5
Hero Motocorp Limited HEROMOTOCO -2.18% 2387.05
Axis Bank Limited AXISBANK -2.29% 832.35
HDFC Life Insurance Company Ltd HDFCLIFE -2.3% 478.95
Bajaj Finserv Limited BAJAJFINSV -2.49% 1295.7
Eicher Motors Limited EICHERMOT -2.65% 3033.4
Indusind Bank Limited INDUSINDBK -7.4% 1060.1

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.

« 13 March 2023 Nifty Analysis

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