Pre-market Analysis Nifty Bank Nifty 25 May 2023

Market Recap

  • Nifty declined 0.34% to close at 18285.40

  • Bank Nifty declined 0.63% to close at 43677.85

  • India VIX advanced 4.03% to close at 13.11

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
60.34 148.38 18198.07 17703.10

Nifty Open Interest Analysis

Feature Value
Support 18100
Resistance 18600
PCR 0.787466

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
59.86 524.77 43503.59 41829.73

Bank Nifty Open Interest Analysis

Feature Value
Support 43100
Resistance 44600
PCR 0.612559

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
Itc Limited ITC 1.01% 433.5
Indusind Bank Limited INDUSINDBK 0.92% 1271.75
SBI Life Insurance Company Ltd SBILIFE 0.84% 1175.35
Cipla Limited CIPLA 0.82% 938
Mahindra & Mahindra Limited M&M 0.56% 1275.7
Wipro Limited WIPRO 0.52% 399.7

Bearish Stocks

Name Symbol % Change Closing Price
Tata Steel Limited TATASTEEL -0.38% 105.2
Hdfc Bank Limited HDFCBANK -1.31% 1615.8

Breakout Stocks

Name Symbol % Change Closing Price
Apollo Tyres Limited APOLLOTYRE 1.24% 383.8
Itc Limited ITC 1.01% 433.5

Positional Long Stocks

Name Symbol % Change Closing Price
Power Finance Corporation Limited PFC 0.45% 166.5

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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