Pre-market Analysis Nifty Bank Nifty 17 May 2023

Market Recap

  • Nifty declined 0.61% to close at 18286.50

  • Bank Nifty declined 0.38% to close at 43903.70

  • India VIX advanced 0.91% to close at 13.29

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
64.59 206.98 18026.93 17616.58

Nifty Open Interest Analysis

Feature Value
Support 17900
Resistance 18400
PCR 0.780552

Call Open Interest Additions

Put Open Interest Additions

Nothing Significant

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
67.53 656.95 43062.74 41481.69

Bank Nifty Open Interest Analysis

Feature Value
Support 42600
Resistance 44100
PCR 0.71802

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
Oil & Natural Gas Corporation Limited ONGC 1.45% 168
Coal India Limited COALINDIA 1.37% 240.95
Hindustan Unilever Limited HINDUNILVR 0.51% 2675.9
Indusind Bank Limited INDUSINDBK 0.06% 1220.3

Bearish Stocks

Name Symbol % Change Closing Price
Larsen & Toubro Limited LT -0.87% 2227.2
Sun Pharmaceuticals Industries Limited SUNPHARMA -1.26% 940.95

Breakout Stocks

Name Symbol % Change Closing Price
Coal India Limited COALINDIA 1.37% 240.95
Polycab India Ltd POLYCAB 1.33% 3426.3
Bajaj Finance Limited BAJFINANCE 1.08% 6784.6

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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