Pre-market Analysis Nifty Bank Nifty 31 March 2023

Market Recap

  • Nifty advanced 0.76% to close at 17080.70

  • Bank Nifty advanced 0.86% to close at 39910.15

  • India VIX declined 9.75% to close at 13.63

Global Data

Script Trend Volatility
Dow Jones Index Bullish 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
42.30 -174.33 17218.94 17571.23

Nifty Open Interest Analysis

Feature Value
Support 16900
Resistance 17400
PCR 0.561196

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17800 121209 1143.7 131807
17000 67890 144.247 114955
18000 39401 324.85 51530

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17000 105502 229.168 151539
17100 29535 275.231 40266
16900 28274 166.171 45289

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
16800 -321 -8.45182 3477
16600 71 8.9196 867
18700 531 185.017 818

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19200 0 0 1
19100 0 0 0
18900 6 0 6

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
47.09 -365.52 40047.23 40770.91

Bank Nifty Open Interest Analysis

Feature Value
Support 39200
Resistance 40700
PCR 0.649461

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
42000 64209 776.784 72475
42500 36287 1336.54 39002
39500 29173 92.958 60556

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
39500 42879 131.036 75602
40000 30968 537.546 36729
39000 18952 124.381 34189

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39600 -2877 -23.1382 9557
39300 -774 -25.9993 2203
39400 -492 -12.3836 3481

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
41300 -11 -0.0418506 26273
45500 0 0 0
45000 0 0 0

Bullish Stocks

Name Symbol % Change Closing Price
Dr. Reddy’s Laboratories Limited DRREDDY 0.91% 4567.8
Titan Company Limited TITAN 0.59% 2515.05
Nestle India Limited NESTLEIND 0.56% 19053

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Zydus Lifesciences Ltd ZYDUSLIFE 1.16% 490.35
Godrej Consumer Products Limited GODREJCP 0.8% 966.3

Positional Long Stocks

Name Symbol % Change Closing Price
Ccl Products (india) Limited CCL 1.34% 565.4
Radico Khaitan Limited RADICO 0.38% 1180.45

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.

« 30 March 2023 Nifty Analysis

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