Pre-market Analysis Nifty Bank Nifty 12 May 2023

Market Recap

  • Nifty declined 0.10% to close at 18297.00

  • Bank Nifty advanced 0.33% to close at 43475.30

  • India VIX advanced 1.01% to close at 13.22

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
68.80 211.72 17944.29 17563.97

Nifty Open Interest Analysis

Feature Value
Support 18000
Resistance 18500
PCR 0.533921

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
65.62 626.67 42771.93 41250.67

Bank Nifty Open Interest Analysis

Feature Value
Support 42500
Resistance 44000
PCR 0.639944

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
Bajaj Finance Limited BAJFINANCE 0.48% 6663.45
Power Grid Corporation Of India Limited POWERGRID 0.36% 248.55
Grasim Industries Limited GRASIM -0.01% 1774.15
Kotak Mahindra Bank Limited KOTAKBANK -0.04% 1957.95

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Berger Paints (i) Limited BERGEPAINT 1.35% 636.75
Interglobe Aviation Limited INDIGO 1.25% 2251.45
Ultratech Cement Limited ULTRACEMCO 1.19% 7835.45
Abb India Limited ABB 1.18% 3860.45
Tata Elxsi Limited TATAELXSI 1.07% 7198.35
Heg Limited HEG 0.78% 1215.5
Power Grid Corporation Of India Limited POWERGRID 0.36% 248.55

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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