Pre-market Analysis Nifty Bank Nifty 23 March 2023

Market Recap

  • Nifty advanced 0.26% to close at 17151.90

  • Bank Nifty advanced 0.26% to close at 39999.05

  • India VIX declined 1.82% to close at 14.81

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
40.96 -189.77 17328.34 17660.82

Nifty Open Interest Analysis

Feature Value
Support 16800
Resistance 18900
PCR 0.675402

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 18326 26.7897 86733
17200 17453 45.4801 55828
17400 15172 29.9765 65785

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17200 12363 44.7529 39988
17100 10004 27.1089 46907
16900 3498 10.3204 37392

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17000 -16501 -26.9849 44648
18000 -1552 -2.12871 71356
18200 -1470 -5.43498 25577

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17000 -7154 -6.24558 107391
17500 -707 -1.79702 38636
22000 -362 -7.78662 4287

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
45.49 -433.47 40175.30 41029.85

Bank Nifty Open Interest Analysis

Feature Value
Support 38600
Resistance 48000
PCR 0.663354

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 10805 30.3094 46454
41000 7602 23.7927 39553
41500 7325 27.1689 34286

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 13610 48.1208 41893
39500 10550 42.4667 35393
39000 5574 14.9225 42927

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39800 -833 -16.4073 4244
39000 -802 -5.31337 14292
39700 -782 -18.0434 3552

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
38600 -437 -9.73925 4050
44000 -398 -2.56542 15116
40800 -284 -22.0155 1006

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Wipro Limited WIPRO 0% 366.4
State Bank Of India SBIN -0.06% 521.55
Britannia Industries Limited BRITANNIA -0.47% 4244.45
Jsw Steel Limited JSWSTEEL -0.53% 662.25

Breakout Stocks

Name Symbol % Change Closing Price
Anupam Rasayan India Ltd ANURAS 2.57% 828.15

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.

« 22 March 2023 Nifty Analysis

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