Pre-market Analysis Nifty Bank Nifty 03 May 2023

Market Recap

  • Nifty declined 0.39% to close at 18076.60

  • Bank Nifty declined 0.41% to close at 43175.45

  • India VIX advanced 0.55% to close at 11.96

Global Data

Script Trend Volatility
Dow Jones Index Bearish 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
73.58 155.75 17683.48 17515.86

Nifty Open Interest Analysis

Feature Value
Support 17800
Resistance 18300
PCR 0.6508

Call Open Interest Additions

Put Open Interest Additions

Nothing Significant

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
76.29 700.10 41903.19 40941.98

Bank Nifty Open Interest Analysis

Feature Value
Support 42000
Resistance 43500
PCR 0.785829

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
Ntpc Limited NTPC 1.48% 178.2
Bharat Petroleum Corporation Limited BPCL 1.08% 365
Power Grid Corporation Of India Limited POWERGRID 0.71% 241.8
Coal India Limited COALINDIA 0.55% 237.4
Nestle India Limited NESTLEIND 0.44% 21841.6
Itc Limited ITC 0.37% 426
Titan Company Limited TITAN 0.36% 2673.4
Dr. Reddy’s Laboratories Limited DRREDDY 0.03% 4952
TATA Consumer Products Ltd TATACONSUM -0.12% 778.7
HDFC Life Insurance Company Ltd HDFCLIFE -0.14% 543.75

Bearish Stocks

Name Symbol % Change Closing Price
Sun Pharmaceuticals Industries Limited SUNPHARMA -0.77% 965.6

Breakout Stocks

None

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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