Pre-market Analysis Nifty Bank Nifty 23 May 2023

Market Recap

  • Nifty advanced 0.61% to close at 18314.40

  • Bank Nifty declined 0.19% to close at 43885.10

  • India VIX advanced 2.17% to close at 12.57

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
62.93 155.85 18142.04 17679.75

Nifty Open Interest Analysis

Feature Value
Support 18000
Resistance 18500
PCR 0.675234

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
64.88 581.00 43387.68 41735.63

Bank Nifty Open Interest Analysis

Feature Value
Support 43100
Resistance 44600
PCR 0.734974

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bullish Stocks

None

Bearish Stocks

Name Symbol % Change Closing Price
Housing Development Finance Corporation Limited HDFC -0.23% 2704.75

Breakout Stocks

Name Symbol % Change Closing Price
Cholamandalam Investment And Finance Company Limited CHOLAFIN 0.99% 1053.7
AU Small Finance Bank AUBANK 0.62% 758.5

Positional Long Stocks

Name Symbol % Change Closing Price
CSB Bank Ltd CSBBANK 1.11% 287
Gmr Infrastructure Limited GMRINFRA 0.44% 45.35
Power Finance Corporation Limited PFC 0.39% 166.3

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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