Pre-market Analysis Nifty Bank Nifty 22 May 2023

Market Recap

  • Nifty advanced 0.41% to close at 18203.40

  • Bank Nifty advanced 0.50% to close at 43969.40

  • India VIX declined 3.85% 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 Bearish Low Volatility
USD/INR Bullish Low Volatility
GBP/INR Bullish Low Volatility

Nifty Technicals

RSI MACD 20 SMA 50 SMA
59.00 157.46 18107.52 17665.35

Nifty Open Interest Analysis

Feature Value
Support 17900
Resistance 18400
PCR 0.632889

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
66.61 599.91 43299.33 41682.96

Bank Nifty Open Interest Analysis

Feature Value
Support 42500
Resistance 44000
PCR 0.778718

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
Axis Bank Limited AXISBANK 1.02% 924.05
Icici Bank Limited ICICIBANK 0.82% 954.3
Bharti Airtel Limited BHARTIARTL 0.8% 805.75
Indusind Bank Limited INDUSINDBK 0.73% 1248

Bearish Stocks

Name Symbol % Change Closing Price
Sun Pharmaceuticals Industries Limited SUNPHARMA -0.41% 925.85
Dr. Reddy’s Laboratories Limited DRREDDY -0.7% 4391.95

Breakout Stocks

Name Symbol % Change Closing Price
Cyient Limited CYIENT 0.96% 1299.75
Icici Bank Limited ICICIBANK 0.82% 954.3

Positional Long Stocks

Name Symbol % Change Closing Price
Ultratech Cement Limited ULTRACEMCO 1.01% 7681.3

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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