Pre-market Analysis Nifty Bank Nifty 31 May 2023

Market Recap

  • Nifty advanced 0.19% to close at 18633.85

  • Bank Nifty advanced 0.28% to close at 44436.35

  • India VIX declined 2.34% to close at 12.01

Global Data

Script Trend Volatility
Dow Jones Index Bullish Low Volatility
DAX Bearish Low Volatility
Gold Bearish 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
71.38 179.05 18303.66 17800.16

Nifty Open Interest Analysis

Feature Value
Support 18400
Resistance 18900
PCR 0.778041

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
69.19 506.47 43705.13 42144.32

Bank Nifty Open Interest Analysis

Feature Value
Support 43300
Resistance 44800
PCR 0.807485

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
Bajaj Finserv Limited BAJAJFINSV 1.12% 1465.85
Kotak Mahindra Bank Limited KOTAKBANK 1.1% 1974.7
Bajaj Finance Limited BAJFINANCE 1.06% 7005.8
HDFC Life Insurance Company Ltd HDFCLIFE 1.05% 585.15
Infosys Limited INFY 0.72% 1323.85
Indusind Bank Limited INDUSINDBK 0.65% 1293.25
Maruti Suzuki India Limited MARUTI 0.53% 9383.35
Cipla Limited CIPLA 0.38% 959.85
Itc Limited ITC 0.18% 449.9

Bearish Stocks

None

Breakout Stocks

Name Symbol % Change Closing Price
Bandhan Bank Ltd BANDHANBNK 1.34% 267.7
L&t Finance Holdings Limited L&TFH 1.07% 104.35

Positional Long Stocks

None

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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