Pre-market Analysis Nifty Bank Nifty 18 April 2023

Market Recap

  • Nifty declined 0.68% to close at 17706.85

  • Bank Nifty advanced 0.31% to close at 42262.55

  • India VIX advanced 3.00% to close at 12.27

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
60.06 89.05 17297.66 17508.66

Nifty Open Interest Analysis

Feature Value
Support 17400
Resistance 17900
PCR 0.699814

Call Open Interest Additions

Put Open Interest Additions

Nothing Significant

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
69.60 370.49 40328.78 40653.95

Bank Nifty Open Interest Analysis

Feature Value
Support 41200
Resistance 42700
PCR 0.745169

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bullish Stocks

Name Symbol % Change Closing Price
Grasim Industries Limited GRASIM 1.38% 1724.5
Kotak Mahindra Bank Limited KOTAKBANK 1.37% 1895.15
Oil & Natural Gas Corporation Limited ONGC 0.88% 160.15
Titan Company Limited TITAN 0.77% 2605.6
Hero Motocorp Limited HEROMOTOCO 0.77% 2465.95
Tata Motors Limited TATAMOTORS 0.56% 472.15
Eicher Motors Limited EICHERMOT 0.5% 3229
HDFC Life Insurance Company Ltd HDFCLIFE 0.29% 533.4
Jsw Steel Limited JSWSTEEL 0.08% 721.2

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Indraprastha Gas Limited IGL 1.25% 491.25
Itc Limited ITC 1.15% 400.15
Tvs Motor Company Limited TVSMOTOR 0.58% 1169.65

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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