Pre-market Analysis Nifty Bank Nifty 06 April 2023

Market Recap

  • Nifty advanced 0.91% to close at 17557.05

  • Bank Nifty advanced 0.46% to close at 40999.15

  • India VIX declined 1.37% to close at 12.41

Global Data

Script Trend Volatility
Dow Jones Index Bullish High Volatility
DAX Bearish High Volatility
Gold Bearish High Volatility
Brent Crude Bearish Low Volatility
USD/INR Bearish Low Volatility
GBP/INR Bearish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
58.54 -72.14 17216.32 17531.00

Nifty Open Interest Analysis

Feature Value
Support 17300
Resistance 17800
PCR 0.784266

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18000 28195 228.429 40538
17500 14760 94.0008 30462
17700 14023 89.8277 29634

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17500 42351 1304.71 45597
17400 24928 277.533 33910
17300 17324 143.684 29381

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17400 -2638 -22.0901 9304
17300 -1673 -27.9019 4323
17200 -1123 -25.0056 3368

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
59.11 -92.62 40051.31 40678.89

Bank Nifty Open Interest Analysis

Feature Value
Support 40400
Resistance 41900
PCR 0.740791

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 16766 131.344 29531
42000 13344 135.348 23203
41700 10365 257.324 14393

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 23144 486.935 27897
40000 8117 85.1553 17649
40500 7167 59.5959 19193

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
42500 -738 -5.98734 11588
40500 -602 -8.04275 6883
40700 -582 -21.5715 2116

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
47000 0 0 0
46000 0 0 0
45500 0 0 0

Bullish Stocks

Name Symbol % Change Closing Price
TATA Consumer Products Ltd TATACONSUM 1.44% 727.4
Titan Company Limited TITAN 1.39% 2572.7
NIFTY NIFTY 0.91% 17557
Bajaj Auto Limited BAJAJ-AUTO 0.74% 4023.15
Ultratech Cement Limited ULTRACEMCO 0.67% 7691.95
Dr. Reddy’s Laboratories Limited DRREDDY 0.56% 4682.8
Hero Motocorp Limited HEROMOTOCO 0.05% 2432.2

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Bajaj Auto Limited BAJAJ-AUTO 0.74% 4023.15
Dr. Reddy’s Laboratories Limited DRREDDY 0.56% 4682.8

Positional Long Stocks

None

That’s all for today!

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