Pre-market Analysis Nifty Bank Nifty 11 May 2023

Market Recap

  • Nifty advanced 0.27% to close at 18315.10

  • Bank Nifty advanced 0.31% to close at 43331.05

  • India VIX advanced 3.19% to close at 13.08

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 Bearish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
69.85 210.07 17915.55 17549.12

Nifty Open Interest Analysis

Feature Value
Support 18200
Resistance 18700
PCR 0.786323

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
64.23 633.90 42666.49 41181.08

Bank Nifty Open Interest Analysis

Feature Value
Support 42700
Resistance 44200
PCR 0.780664

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
Divi’s Laboratories Limited DIVISLAB 1.24% 3425.25
Bajaj Finance Limited BAJFINANCE 1.21% 6631.5
Tata Motors Limited TATAMOTORS 1.16% 509.5
Eicher Motors Limited EICHERMOT 1.03% 3416.75
Reliance Industries Limited RELIANCE 0.69% 2496.6
Cipla Limited CIPLA 0.55% 944.4
Grasim Industries Limited GRASIM 0.54% 1774.4
NIFTY NIFTY 0.27% 18315.1
TATA Consumer Products Ltd TATACONSUM 0.27% 791.15
Mahindra & Mahindra Limited M&M 0.26% 1248.65
Hero Motocorp Limited HEROMOTOCO -0.21% 2586.05

Bearish Stocks

Name Symbol % Change Closing Price
Sun Pharmaceuticals Industries Limited SUNPHARMA -0.38% 953.8

Breakout Stocks

Name Symbol % Change Closing Price
Bharat Petroleum Corporation Limited BPCL 1.39% 372.15
Oil & Natural Gas Corporation Limited ONGC 1.03% 166.95
Maruti Suzuki India Limited MARUTI 0.62% 9168.15

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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