Pre-market Analysis Nifty Bank Nifty 29 March 2023

Market Recap

  • Nifty declined 0.20% to close at 16951.70

  • Bank Nifty advanced 0.35% to close at 39567.90

  • India VIX declined 2.23% to close at 15.10

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 Bullish Low Volatility
GBP/INR Bullish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
36.36 -187.73 17230.10 17587.51

Nifty Open Interest Analysis

Feature Value
Support 16800
Resistance 17300
PCR 0.726811

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 31327 199.053 47065
17200 13646 74.4788 31968
17100 13330 79.763 30042

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 23042 100.204 46037
16500 7171 41.0922 24622
16800 7102 63.7923 18235

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18100 -352 -9.69964 3277
18700 -5 -1.71233 287
18600 -3 -1.03806 286

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19200 0 0 1
18900 0 0 0
18700 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
42.28 -408.93 40065.18 40816.06

Bank Nifty Open Interest Analysis

Feature Value
Support 38500
Resistance 40000
PCR 0.741031

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39500 16212 106.862 31383
40500 9757 89.7443 20629
40000 8109 64.4595 20689

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39500 18137 124.345 32723
39600 7346 123.816 13279
39000 6132 67.3476 15237

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41800 -363 -27.9877 934
42300 -83 -14.6127 485
42700 -35 -21.875 125

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41300 -103 -0.390344 26284
41100 -1 -50 1
41400 0 0 26038

Bullish Stocks

Name Symbol % Change Closing Price
Dr. Reddy’s Laboratories Limited DRREDDY 0.92% 4526.8

Bearish Stocks

Name Symbol % Change Closing Price
Coal India Limited COALINDIA 0.24% 208.9
NIFTY NIFTY -0.2% 16951.7
Tata Consultancy Services Limited TCS -0.2% 3115.9
Infosys Limited INFY -0.82% 1377.6
Mahindra & Mahindra Limited M&M -0.84% 1128.3
Hcl Technologies Limited HCLTECH -0.99% 1041.1
Bajaj Finance Limited BAJFINANCE -1.05% 5534.45
Wipro Limited WIPRO -1.4% 356.2

Breakout Stocks

None

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.

« 28 March 2023 Nifty Analysis

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