Pre-market Analysis Nifty Bank Nifty 11 April 2023

Market Recap

  • Nifty advanced 0.14% to close at 17624.05

  • Bank Nifty declined 0.50% to close at 40834.65

  • India VIX advanced 4.03% to close at 12.27

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
60.43 -8.36 17204.19 17512.54

Nifty Open Interest Analysis

Feature Value
Support 17500
Resistance 18000
PCR 0.673924

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
18000 11992 127.317 21411
17800 8704 145.236 14697
17600 8082 130.629 14269

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17600 14745 413.257 18313
17300 9945 243.511 14029
17500 6280 167.199 10036

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17400 -133 -14.1189 809
18900 37 35.9223 140
19100 128 0 128

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19100 0 0 0
18900 0 0 0
18600 0 0 0

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
56.40 27.04 39998.71 40609.84

Bank Nifty Open Interest Analysis

Feature Value
Support 40200
Resistance 41700
PCR 0.61485

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
42000 9247 200.238 13865
41500 7056 245.597 9929
41000 6059 219.768 8816

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
40500 5572 250.765 7794
39500 5154 253.767 7185
41000 5043 159.74 8200

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39500 -53 -5.14064 978
39700 -15 -27.7778 39
39400 -1 -6.25 15

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
39400 0 0 11
42300 0 0 0
42600 0 0 0

Bullish Stocks

Name Symbol % Change Closing Price
Hero Motocorp Limited HEROMOTOCO 1.41% 2460.65
Dr. Reddy’s Laboratories Limited DRREDDY 1.28% 4759.65

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Sanofi India Limited SANOFI 1.3% 5999.2
Manappuram Finance Limited MANAPPURAM 1.22% 128.15
Siemens Limited SIEMENS 0.71% 3383.6

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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