Pre-market Analysis Nifty Bank Nifty 04 May 2023

Market Recap

  • Nifty declined 0.32% to close at 18089.85

  • Bank Nifty declined 0.09% to close at 43312.70

  • India VIX declined 0.48% to close at 11.84

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
69.71 166.03 17733.94 17519.06

Nifty Open Interest Analysis

Feature Value
Support 17700
Resistance 18200
PCR 0.767205

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
75.31 713.94 42073.32 40975.27

Bank Nifty Open Interest Analysis

Feature Value
Support 42600
Resistance 44100
PCR 0.733055

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
Itc Limited ITC 0.64% 427.15
Kotak Mahindra Bank Limited KOTAKBANK 0.51% 1930.95
Dr. Reddy’s Laboratories Limited DRREDDY 0.04% 4952.25

Bearish Stocks

Name Symbol % Change Closing Price
Sun Pharmaceuticals Industries Limited SUNPHARMA -0.97% 963.6

Breakout Stocks

Name Symbol % Change Closing Price
Gmr Infrastructure Limited GMRINFRA 0.98% 46.25

Positional Long Stocks

Name Symbol % Change Closing Price
Varun Beverages Limited VBL 1.07% 1430.2

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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