Pre-market Analysis Nifty Bank Nifty 28 March 2023

Market Recap

  • Nifty advanced 0.24% to close at 16985.70

  • Bank Nifty advanced 0.09% to close at 39431.30

  • India VIX advanced 1.35% to close at 15.44

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
37.29 -188.03 17252.15 17607.61

Nifty Open Interest Analysis

Feature Value
Support 16800
Resistance 17300
PCR 0.813545

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 6073 27.1808 28416
17400 4435 42.3066 14918
17100 4428 36.0469 16712

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 9453 69.8051 22995
16500 6807 63.9515 17451
16800 4003 56.1431 11133

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -119 -1.72764 6769
17900 -63 -0.273842 22943
18900 0 0 168

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19200 0 0 1
18900 0 0 0
18800 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
40.29 -426.19 40102.14 40872.12

Bank Nifty Open Interest Analysis

Feature Value
Support 38800
Resistance 40300
PCR 0.811727

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39500 5656 59.443 15171
40000 5512 77.9853 12580
40500 4109 60.7571 10872

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39500 5190 55.2363 14586
38000 4569 66.4485 11445
39000 4546 99.7148 9105

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
42700 -318 -66.5272 160
40900 -271 -10.4755 2316
42900 -66 -20.4334 257

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40200 -69 -18.5484 303
40100 -66 -16.7089 329
39900 -36 -1.359 2613

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Britannia Industries Limited BRITANNIA 0.35% 4214.8
NIFTY NIFTY 0.24% 16985.7
Tata Steel Limited TATASTEEL 0.2% 102.3
Jsw Steel Limited JSWSTEEL 0.16% 658.85
Tata Consultancy Services Limited TCS 0.06% 3122.3
Hcl Technologies Limited HCLTECH -0.02% 1051.5
Wipro Limited WIPRO -0.14% 361.25
Hero Motocorp Limited HEROMOTOCO -0.21% 2308.6
Eicher Motors Limited EICHERMOT -0.83% 2885.55

Breakout Stocks

None

Positional Long Stocks

Name Symbol % Change Closing Price
Itc Limited ITC 0.4% 380.2

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.

« 27 March 2023 Nifty Analysis

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