Pre-market Analysis Nifty Bank Nifty 05 May 2023

Market Recap

  • Nifty advanced 0.92% to close at 18255.80

  • Bank Nifty advanced 0.86% to close at 43685.45

  • India VIX declined 0.91% to close at 11.73

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
74.07 185.31 17778.74 17523.85

Nifty Open Interest Analysis

Feature Value
Support 17900
Resistance 18400
PCR 0.62917

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
78.46 746.37 42227.16 41014.36

Bank Nifty Open Interest Analysis

Feature Value
Support 42700
Resistance 44200
PCR 0.84972

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
HDFC Life Insurance Company Ltd HDFCLIFE 1.45% 546.5
Cipla Limited CIPLA 1.4% 933.5
Grasim Industries Limited GRASIM 1.38% 1759.85
Britannia Industries Limited BRITANNIA 1.32% 4587.05
Reliance Industries Limited RELIANCE 1.15% 2448
NIFTY NIFTY 0.92% 18255.8
Jsw Steel Limited JSWSTEEL 0.85% 738.7
Apollo Hospitals Enterprise Limited APOLLOHOSP 0.84% 4553.2

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Dr. Reddy’s Laboratories Limited DRREDDY 0.32% 4968

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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