Pre-market Analysis Nifty Bank Nifty 29 May 2023

Market Recap

  • Nifty advanced 0.97% to close at 18499.35

  • Bank Nifty advanced 0.77% to close at 44018.00

  • India VIX declined 4.95% to close at 11.90

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
67.70 154.52 18252.67 17739.46

Nifty Open Interest Analysis

Feature Value
Support 18000
Resistance 18500
PCR 0.899402

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
64.52 482.20 43597.02 41948.87

Bank Nifty Open Interest Analysis

Feature Value
Support 43200
Resistance 44700
PCR 0.607838

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Nothing Significant

Bullish Stocks

Name Symbol % Change Closing Price
TATA Consumer Products Ltd TATACONSUM 1.2% 789.7
Tata Consultancy Services Limited TCS 1.07% 3328.9
Eicher Motors Limited EICHERMOT 1.06% 3690.35
NIFTY NIFTY 0.97% 18499.3
HDFC Life Insurance Company Ltd HDFCLIFE 0.9% 577.2
Axis Bank Limited AXISBANK 0.64% 926.95
Cipla Limited CIPLA 0.62% 951.35
Hero Motocorp Limited HEROMOTOCO 0.45% 2745.15

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Maruti Suzuki India Limited MARUTI 1.27% 9399.95
Indian Oil Corporation Limited IOC 1.18% 90.2
AU Small Finance Bank AUBANK 1.08% 778.2
Trent Limited TRENT 0.99% 1530.2
Balkrishna Industries Limited BALKRISIND 0.96% 2469.2
Bajaj Finance Limited BAJFINANCE 0.93% 6904.5
Berger Paints (i) Limited BERGEPAINT 0.86% 647.1
SBI Cards & Payment Services Ltd SBICARD 0.74% 901.5

Positional Long Stocks

Name Symbol % Change Closing Price
Dalmia Bharat Limited DALBHARAT 1.35% 2068.7
Ultratech Cement Limited ULTRACEMCO 1.31% 7721.85

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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