Pre-market Analysis Nifty Bank Nifty 21 March 2023

Market Recap

  • Nifty declined 0.65% to close at 16988.40

  • Bank Nifty declined 0.60% to close at 39361.95

  • India VIX advanced 8.40% to close at 16.01

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
34.21 -205.27 17398.93 17694.85

Nifty Open Interest Analysis

Feature Value
Support 16800
Resistance 18600
PCR 0.782048

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 16665 36.9136 61811
16900 15451 399.044 19323
17200 12784 45.6963 40760

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
16900 6128 22.5834 33263
16600 4658 25.2685 23092
16800 2645 8.18176 34973

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17500 -3803 -5.49733 65376
18200 -3623 -11.6852 27382
17900 -3560 -11.5431 27281

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17000 -9235 -8.21298 103209
17300 -3599 -11.0875 28861
17200 -3388 -12.4266 23876

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
37.44 -512.42 40249.38 41127.40

Bank Nifty Open Interest Analysis

Feature Value
Support 38000
Resistance 42800
PCR 0.658364

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40500 6975 31.4955 29121
39500 5089 30.191 21945
40000 3945 15.792 28926

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39200 2477 80.9213 5538
39500 2234 12.7141 19805
39400 1768 78.9638 4007

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
43500 -877 -10.3201 7621
44500 -731 -13.2909 4769
43200 -408 -10.358 3531

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40000 -2170 -10.2185 19066
39000 -1745 -5.08006 32605
39600 -1301 -39.4123 2000

Bullish Stocks

Name Symbol % Change Closing Price
Bharat Petroleum Corporation Limited BPCL 2.35% 359.65

Bearish Stocks

Name Symbol % Change Closing Price
Tata Steel Limited TATASTEEL -2.34% 104.5

Breakout Stocks

Name Symbol % Change Closing Price
KPIT Technologies Ltd KPITTECH 2.35% 889.6
Bharat Petroleum Corporation Limited BPCL 2.35% 359.65
Godrej Consumer Products Limited GODREJCP 1.32% 960

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.

« 20 March 2023 Nifty Analysis

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