Pre-market Analysis Nifty Bank Nifty 24 March 2023

Market Recap

  • Nifty declined 0.44% to close at 17076.90

  • Bank Nifty declined 0.96% to close at 39616.90

  • India VIX declined 2.14% to close at 14.49

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 Bullish Low Volatility
GBP/INR Bearish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
38.86 -185.17 17304.47 17644.08

Nifty Open Interest Analysis

Feature Value
Support 16900
Resistance 17900
PCR 0.494185

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18000 214267 300.279 285623
17100 98672 240.975 139619
17200 68352 122.433 124180

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17100 86244 183.862 133151
16800 26402 65.8618 66489
16600 17685 70.1953 42879

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
16900 -3108 -20.5379 12025
18900 -360 -27.8422 933
19100 -17 -0.636943 2652

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -1790 -6.08285 27637
17800 -1097 -5.00023 20842
17500 -689 -1.78331 37947

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
41.78 -425.08 40156.35 40981.89

Bank Nifty Open Interest Analysis

Feature Value
Support 39300
Resistance 40700
PCR 0.433137

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
42500 142906 972.282 157604
40000 93455 201.178 139909
40500 41857 123.804 75666

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40000 53437 127.556 95330
39000 25664 59.7852 68591
39500 23982 67.7592 59375

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39000 -779 -5.4506 13513
38800 -210 -20.751 802
38900 -135 -17.7866 624

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40100 -1088 -15.4633 5948
45000 -198 -9.80198 1822
44000 -49 -0.32416 15067

Bullish Stocks

Name Symbol % Change Closing Price
Titan Company Limited TITAN 0.43% 2519.05

Bearish Stocks

Name Symbol % Change Closing Price
Coal India Limited COALINDIA -0.28% 213.35
Eicher Motors Limited EICHERMOT -0.64% 2927.7
Wipro Limited WIPRO -1.34% 361.5
Hcl Technologies Limited HCLTECH -1.44% 1065.9
State Bank Of India SBIN -1.69% 512.75

Breakout Stocks

None

Positional Long Stocks

Name Symbol % Change Closing Price
Itc Limited ITC 0.77% 380.65

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.

« 23 March 2023 Nifty Analysis

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