Pre-market Analysis Nifty Bank Nifty 16 March 2023

Market Recap

  • Nifty declined 0.42% to close at 16972.15

  • Bank Nifty declined 0.91% to close at 39051.50

  • India VIX advanced 0.48% to close at 16.30

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
31.49 -164.21 17583.80 17779.58

Nifty Open Interest Analysis

Feature Value
Support 16900
Resistance 17300
PCR 0.431271

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 16834 62.8463 43620
18200 13615 103.789 26733
17300 11899 92.7436 24729

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 11710 87.1539 25146
17100 6295 36.8086 23397
16600 5989 100.571 11944

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18400 -510 -8.84189 5258
19200 -1 -0.819672 121
19300 12 25.5319 59

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17300 -209 -4.60454 4330
17700 -203 -14.3768 1209
17900 -14 -4.79452 278

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
32.03 -382.50 40673.64 41418.17

Bank Nifty Open Interest Analysis

Feature Value
Support 38800
Resistance 41400
PCR 0.407954

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 14937 77.3017 34260
41500 14195 115.014 26537
40000 13021 119.612 23907

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39000 7718 108.475 14833
37700 4963 1946.27 5218
39500 4060 59.2268 10915

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
42200 -63 -5.81717 1020
42100 -60 -13.986 369
44500 -32 -10.0946 285

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40500 -370 -9.36472 3581
40700 -343 -30.7623 772
40300 -122 -14.3698 727

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Upl Limited UPL 0.69% 702.45
Bajaj Finserv Limited BAJAJFINSV 0.16% 1282.6
Infosys Limited INFY -0.02% 1419.65
Mahindra & Mahindra Limited M&M -0.04% 1160.35
Bajaj Finance Limited BAJFINANCE -0.22% 5718.75
Eicher Motors Limited EICHERMOT -0.33% 3006.9
NIFTY NIFTY -0.42% 16972.2
Tata Consultancy Services Limited TCS -0.5% 3198.9
Icici Bank Limited ICICIBANK -0.54% 825.9
Bajaj Auto Limited BAJAJ-AUTO -0.61% 3730
Sun Pharmaceuticals Industries Limited SUNPHARMA -0.61% 951.4
Grasim Industries Limited GRASIM -0.68% 1550.6
HDFC Life Insurance Company Ltd HDFCLIFE -0.82% 466.7
SBI Life Insurance Company Ltd SBILIFE -0.93% 1067.05
Wipro Limited WIPRO -0.98% 375.75
Axis Bank Limited AXISBANK -1.06% 824.05
Housing Development Finance Corporation Limited HDFC -1.12% 2528.85
Britannia Industries Limited BRITANNIA -1.16% 4243.1
Hdfc Bank Limited HDFCBANK -1.44% 1541.9
State Bank Of India SBIN -1.49% 517.55
Reliance Industries Limited RELIANCE -1.71% 2237.05
Indusind Bank Limited INDUSINDBK -1.85% 1044.35

Breakout Stocks

Name Symbol % Change Closing Price
Petronet Lng Limited PETRONET 3.32% 236.7
Cummins India Limited CUMMINSIND 0.88% 1697.6

Positional Long Stocks

Name Symbol % Change Closing Price
KPIT Technologies Ltd KPITTECH 8.84% 847.3
Radico Khaitan Limited RADICO 3.22% 1179.65
Jindal Steel & Power Limited JINDALSTEL 1.58% 580.15
Carborundum Universal Limited CARBORUNIV 1.41% 986.2

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.

« 15 March 2023 Nifty Analysis

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