Pre-market Analysis Nifty Bank Nifty 20 March 2023

Market Recap

  • Nifty advanced 0.67% to close at 17100.05

  • Bank Nifty advanced 1.19% to close at 39598.10

  • India VIX declined 8.94% to close at 14.77

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 Bearish Low Volatility
GBP/INR Bullish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
36.84 -196.85 17446.72 17714.92

Nifty Open Interest Analysis

Feature Value
Support 16900
Resistance 18900
PCR 0.751026

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 12025 21.0396 69179
17100 6924 36.4824 25903
17700 3810 8.55084 48367

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17100 6272 28.5415 28247
16700 1477 6.68114 23584
18500 92 1.02131 9100

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17000 -10524 -18.9043 45146
17300 -3566 -8.22948 39766
17400 -3117 -7.43879 38785

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17000 -10607 -8.62 112444
17400 -2352 -8.44828 25488
16800 -2311 -6.67167 32328

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
39.43 -496.87 40337.87 41192.34

Bank Nifty Open Interest Analysis

Feature Value
Support 38400
Resistance 42800
PCR 0.629252

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40800 1154 34.0513 4543
39800 1050 44.6809 3400
40900 881 34.1473 3461

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39600 901 37.5417 3301
38300 759 62.0098 1983
39400 500 28.7522 2239

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40000 -2435 -8.88167 24981
39500 -2338 -12.1809 16856
41500 -2299 -9.21849 22640

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
38800 -1194 -33.3613 2385
38500 -940 -3.57863 25327
39000 -755 -2.15069 34350

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Maruti Suzuki India Limited MARUTI -1.43% 8316.85

Breakout Stocks

Name Symbol % Change Closing Price
Ncc Limited NCC 1.72% 103.5

Positional Long Stocks

Name Symbol % Change Closing Price
Kalyan Jewellers India Ltd KALYANKJIL 9.68% 119.5
KPIT Technologies Ltd KPITTECH 6.56% 869.2

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.

« 17 March 2023 Nifty Analysis

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