Pre-market Analysis Nifty Bank Nifty 05 June 2023

Market Recap

  • Nifty advanced 0.25% to close at 18534.10

  • Bank Nifty advanced 0.34% to close at 43937.85

  • India VIX declined 4.07% to close at 11.12

Global Data

Script Trend Volatility
Dow Jones Index Bullish Low Volatility
DAX Bullish 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
64.23 172.08 18360.74 17890.12

Nifty Open Interest Analysis

Feature Value
Support 18300
Resistance 18800
PCR 0.642601

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
57.94 413.15 43814.97 42425.80

Bank Nifty Open Interest Analysis

Feature Value
Support 43000
Resistance 44500
PCR 0.559529

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Bullish Stocks

Name Symbol % Change Closing Price
Titan Company Limited TITAN 1.22% 2861.65
Sun Pharmaceuticals Industries Limited SUNPHARMA 1.2% 999.6
Nestle India Limited NESTLEIND 0.79% 22046.5
Cipla Limited CIPLA 0.11% 965.85
Eicher Motors Limited EICHERMOT -0.45% 3699.4

Bearish Stocks

Name Symbol % Change Closing Price
Hdfc Bank Limited HDFCBANK 0.16% 1606.5

Breakout Stocks

Name Symbol % Change Closing Price
Mahindra & Mahindra Financial Services Limited M&MFIN 1.38% 298.1
Mastek Limited MASTEK 1.34% 2089.75
Titan Company Limited TITAN 1.22% 2861.65
Shoppers Stop Limited SHOPERSTOP 0.78% 771.15

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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