Pre-market Analysis Nifty Bank Nifty 10 April 2023

Market Recap

  • Nifty advanced 0.24% to close at 17599.15

  • Bank Nifty advanced 0.10% to close at 41041.00

  • India VIX declined 4.95% to close at 11.80

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
59.71 -37.79 17210.71 17522.43

Nifty Open Interest Analysis

Feature Value
Support 17400
Resistance 17900
PCR 0.501881

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18000 78244 193.014 118782
17600 68395 257.647 94941
19000 67806 2189.41 70903

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17600 57714 549.867 68210
17500 48590 106.564 94187
17400 29948 88.3161 63858

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
18900 945 594.34 1104
17100 1137 117.702 2103
17400 1190 12.7902 10494

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19100 0 0 0
18900 0 0 0
18700 52 0 52

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
59.52 -16.18 40035.84 40649.57

Bank Nifty Open Interest Analysis

Feature Value
Support 40400
Resistance 41900
PCR 0.485102

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
43000 63660 564.913 74929
42000 45602 196.535 68805
42500 44941 387.824 56529

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40500 41881 218.21 61074
40000 32420 183.693 50069
41000 28384 101.746 56281

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39800 -57 -8.76923 593
40200 -31 -4.31154 688
39700 -9 -1.99557 442

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
47000 0 0 0
43100 0 0 0
43300 0 0 0

Bullish Stocks

Name Symbol % Change Closing Price
HDFC Life Insurance Company Ltd HDFCLIFE 1.36% 514.65
Housing Development Finance Corporation Limited HDFC 0.86% 2729.3
Hdfc Bank Limited HDFCBANK 0.76% 1666.35
Grasim Industries Limited GRASIM 0.59% 1669.05
TATA Consumer Products Ltd TATACONSUM 0.43% 730.5
Dr. Reddy’s Laboratories Limited DRREDDY 0.35% 4699.4
Bajaj Auto Limited BAJAJ-AUTO 0.25% 4033.3
Nestle India Limited NESTLEIND -0.23% 19776.7

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Dalmia Bharat Limited DALBHARAT 1% 1999.35
Glenmark Pharmaceuticals Limited GLENMARK 0.46% 482.1

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.**

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