Pre-market Analysis Nifty Bank Nifty 16 May 2023

Market Recap

  • Nifty advanced 0.46% to close at 18398.85

  • Bank Nifty advanced 0.64% to close at 44072.10

  • India VIX advanced 2.49% to close at 13.17

Global Data

Script Trend Volatility
Dow Jones Index Bullish 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
71.62 214.56 17997.95 17598.70

Nifty Open Interest Analysis

Feature Value
Support 17900
Resistance 18400
PCR 0.790822

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
70.75 658.02 42980.69 41409.76

Bank Nifty Open Interest Analysis

Feature Value
Support 42600
Resistance 44100
PCR 0.70093

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
Indusind Bank Limited INDUSINDBK 0.9% 1219.55
Mahindra & Mahindra Limited M&M 0.76% 1285.65
Kotak Mahindra Bank Limited KOTAKBANK 0.63% 1973

Bearish Stocks

Name Symbol % Change Closing Price
Upl Limited UPL -0.33% 675.95

Breakout Stocks

None

Positional Long Stocks

Name Symbol % Change Closing Price
Bosch Limited BOSCHLTD 1.32% 19229
Zydus Lifesciences Ltd ZYDUSLIFE 0.81% 517.75

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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