Pre-market Analysis Nifty Bank Nifty 02 May 2023

Market Recap

  • Nifty advanced 0.84% to close at 18065.00

  • Bank Nifty advanced 0.54% to close at 43233.90

  • India VIX declined 4.18% to close at 10.95

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
71.48 134.64 17623.69 17508.32

Nifty Open Interest Analysis

Feature Value
Support 17800
Resistance 18300
PCR 0.78797

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
75.38 671.61 41713.98 40900.58

Bank Nifty Open Interest Analysis

Feature Value
Support 41800
Resistance 43300
PCR 0.902324

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
TATA Consumer Products Ltd TATACONSUM 1.31% 763.85
Bajaj Finance Limited BAJFINANCE 1.29% 6280.1
Hindalco Industries Limited HINDALCO 1.23% 436.1
Eicher Motors Limited EICHERMOT 1.15% 3301.1
NIFTY NIFTY 0.84% 18065
Indusind Bank Limited INDUSINDBK 0.7% 1152.8
Bharat Petroleum Corporation Limited BPCL 0.55% 357.6
Mahindra & Mahindra Limited M&M 0.24% 1226.9
Icici Bank Limited ICICIBANK -0.08% 917.65

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Tata Motors Limited TATAMOTORS 0.7% 484.95

Positional Long Stocks

Name Symbol % Change Closing Price
Abbott India Limited ABBOTINDIA 0.68% 22297.2

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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