Pre-market Analysis Nifty Bank Nifty 17 March 2023

Market Recap

  • Nifty advanced 0.08% to close at 16985.60

  • Bank Nifty advanced 0.21% to close at 39132.60

  • India VIX declined 0.48% to close at 16.22

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 Bearish Low Volatility
GBP/INR Bullish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
31.86 -194.99 17493.51 17733.78

Nifty Open Interest Analysis

Feature Value
Support 16800
Resistance 17300
PCR 0.34348

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17800 130429 612.602 151720
17000 105149 629.446 121854
18000 61052 243.536 86121

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 87675 348.664 112821
16500 29391 182.632 45484
16900 17590 113.119 33140

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18900 503 493.137 605
16500 515 46.1056 1632
16600 528 96.8807 1073

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17100 -3752 -16.0362 19645
19500 0 0 24
19300 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
32.98 -493.28 40439.53 41259.55

Bank Nifty Open Interest Analysis

Feature Value
Support 38000
Resistance 40500
PCR 0.403104

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39000 65245 847.008 72948
41500 64530 243.17 91067
42000 53927 323.129 70616

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39000 75883 511.582 90716
38000 20148 157.825 32914
38400 13921 649.603 16064

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
38100 101 198.039 152
37900 105 5250 107
37800 112 11200 113

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39800 -1724 -45.9488 2028
39700 -1150 -37.9914 1877
39900 -464 -38.7312 734

Bullish Stocks

Name Symbol % Change Closing Price
Bharat Petroleum Corporation Limited BPCL 6.24% 350.9

Bearish Stocks

Name Symbol % Change Closing Price
Hero Motocorp Limited HEROMOTOCO -0.36% 2370.95
Tata Consultancy Services Limited TCS -0.43% 3185
Hcl Technologies Limited HCLTECH -0.67% 1072.4
Wipro Limited WIPRO -0.77% 372.85
Upl Limited UPL -0.86% 696.4
HDFC Life Insurance Company Ltd HDFCLIFE -1.14% 461.4
Hindalco Industries Limited HINDALCO -5.22% 384.95

Breakout Stocks

None

Positional Long Stocks

Name Symbol % Change Closing Price
Itc Limited ITC 0.54% 381.45

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.

« 16 March 2023 Nifty Analysis

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