Pre-market Analysis Nifty Bank Nifty 08 May 2023

Market Recap

  • Nifty declined 1.02% to close at 18069.00

  • Bank Nifty declined 2.34% to close at 42661.20

  • India VIX advanced 4.79% to close at 12.30

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
63.43 183.41 17812.29 17524.52

Nifty Open Interest Analysis

Feature Value
Support 17900
Resistance 18400
PCR 0.580665

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
58.28 681.45 42319.57 41034.95

Bank Nifty Open Interest Analysis

Feature Value
Support 42000
Resistance 43500
PCR 0.72327

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Bullish Stocks

Name Symbol % Change Closing Price
Power Grid Corporation Of India Limited POWERGRID 0.92% 241.05
Britannia Industries Limited BRITANNIA 0.85% 4626

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Can Fin Homes Limited CANFINHOME 1% 643.75
Itc Limited ITC 0.98% 428.75

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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