Pre-market Analysis Nifty Bank Nifty 12 April 2023

Market Recap

  • Nifty advanced 0.21% to close at 17759.55

  • Bank Nifty advanced 0.14% to close at 41426.00

  • India VIX declined 2.42% to close at 11.98

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
63.22 22.63 17210.83 17504.62

Nifty Open Interest Analysis

Feature Value
Support 17500
Resistance 18000
PCR 0.722208

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17900 14085 135.017 24517
18000 13228 61.7813 34639
18100 8080 124.807 14554

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
17700 18023 393.258 22606
17400 10719 119.658 19677
17600 8498 46.4042 26811

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
17600 -615 -4.31004 13654
17500 -167 -5.79861 2713
17300 -145 -11.9243 1071

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
19100 0 0 0
18900 0 0 0
18700 0 0 2

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
61.94 103.02 40004.20 40582.50

Bank Nifty Open Interest Analysis

Feature Value
Support 40000
Resistance 41500
PCR 0.78964

Call Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
43000 6517 152.053 10803
41500 5130 51.6668 15059
41300 4667 228.999 6705

Put Open Interest Additions

Strike Price Change in Open Interest % Change Open Interest
41000 10125 123.476 18325
41500 7159 1037.54 7849
41300 7017 2082.2 7354

Call Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
40800 -848 -41.0256 1219
40900 -756 -36.4162 1320
41100 -260 -10.7128 2167

Put Open Interest Reductions

Strike Price Change in Open Interest % Change Open Interest
47000 0 0 0
42600 0 0 0
42800 0 0 0

Bullish Stocks

Name Symbol % Change Closing Price
Oil & Natural Gas Corporation Limited ONGC 1.21% 159.05
Power Grid Corporation Of India Limited POWERGRID 1% 231.35
Coal India Limited COALINDIA 0.72% 223.65
NIFTY NIFTY 0.56% 17722.3
Housing Development Finance Corporation Limited HDFC 0.52% 2742
Hero Motocorp Limited HEROMOTOCO 0.37% 2469.85
Grasim Industries Limited GRASIM 0.36% 1711.1
Dr. Reddy’s Laboratories Limited DRREDDY 0.08% 4763.35

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Zydus Lifesciences Ltd ZYDUSLIFE 0.91% 501

Positional Long Stocks

None

That’s all for today!

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