Pre-market Analysis Nifty Bank Nifty 26 May 2023

Market Recap

  • Nifty advanced 0.20% to close at 18321.15

  • Bank Nifty advanced 0.01% to close at 43681.40

  • India VIX declined 4.52% to close at 12.52

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
61.66 144.20 18223.45 17717.73

Nifty Open Interest Analysis

Feature Value
Support 18000
Resistance 18500
PCR 0.498962

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
59.90 487.77 43546.16 41878.22

Bank Nifty Open Interest Analysis

Feature Value
Support 43100
Resistance 44600
PCR 0.518174

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Bullish Stocks

Name Symbol % Change Closing Price
Eicher Motors Limited EICHERMOT 1.12% 3651.5
HDFC Life Insurance Company Ltd HDFCLIFE 1.07% 572.05
Bajaj Finance Limited BAJFINANCE 0.81% 6841.15
Cipla Limited CIPLA 0.79% 945.45
Axis Bank Limited AXISBANK 0.37% 921.05
SBI Life Insurance Company Ltd SBILIFE 0.17% 1177.35
Mahindra & Mahindra Limited M&M 0.16% 1277.8
Maruti Suzuki India Limited MARUTI 0.12% 9281.85
Tech Mahindra Limited TECHM -0.06% 1098.1

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
The Indian Hotels Company Limited INDHOTEL 1.43% 380.6

Positional Long Stocks

Name Symbol % Change Closing Price
Britannia Industries Limited BRITANNIA 0.96% 4563.3
Nestle India Limited NESTLEIND 0.44% 21474.9

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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