Pre-market Analysis Nifty Bank Nifty 03 April 2023

Market Recap

  • Nifty advanced 0.22% to close at 17398.05

  • Bank Nifty advanced 0.50% to close at 40813.05

  • India VIX declined 2.71% to close at 12.59

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 Bullish Low Volatility
GBP/INR Bullish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
53.81 -110.25 17218.19 17542.01

Nifty Open Interest Analysis

Feature Value
Support 17000
Resistance 17500
PCR 0.610932

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17700 7317 90.5457 15398
17600 6562 47.7202 20313
17500 6451 68.8033 15827

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17400 5696 165.101 9146
17000 5554 59.249 14928
17300 4788 67.0119 11933

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17200 -688 -12.925 4635
17300 -265 -4.1484 6123
17000 -189 -7.34837 2383

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19100 0 0 0
18900 0 0 0
18800 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
57.26 -183.99 40063.92 40705.48

Bank Nifty Open Interest Analysis

Feature Value
Support 39400
Resistance 40900
PCR 0.597053

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
42500 6461 116.08 12027
41000 5816 87.6564 12451
41500 5471 95.2638 11214

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40500 7283 126.113 13058
40000 5475 135.352 9520
40800 5093 866.156 5681

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40600 -928 -32.3007 1945
40000 -387 -14.1966 2339
39600 -146 -32.6622 301

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
46500 0 0 0
41900 0 0 0
42100 0 0 0

Bullish Stocks

Name Symbol % Change Closing Price
Titan Company Limited TITAN 0.89% 2537.4
Icici Bank Limited ICICIBANK 0.75% 883.8
Dr. Reddy’s Laboratories Limited DRREDDY 0.73% 4656.5

Bearish Stocks

None

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.

« 31 March 2023 Nifty Analysis

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