Pre-market Analysis Nifty Bank Nifty 27 July 2023

Market Recap

  • Nifty advanced 0.50% to close at 19778.30

  • Bank Nifty advanced 0.47% to close at 46062.35

  • India VIX advanced 2.10% to close at 10.46

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
66.74 252.92 19520.37 18951.18

Nifty Open Interest Analysis

Feature Value
Support 19600
Resistance 20100
PCR 0.684668

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
68.26 489.56 45265.18 44456.69

Bank Nifty Open Interest Analysis

Feature Value
Support 45400
Resistance 46900
PCR 0.71532

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
Cipla Limited CIPLA 1.3% 1068.5
Dr. Reddy’s Laboratories Limited DRREDDY 0.93% 5475.65
Tata Steel Limited TATASTEEL 0.59% 119.95
Ntpc Limited NTPC 0.47% 201.6

Bearish Stocks

Name Symbol Change Closing Price
Asian Paints Limited ASIANPAINT -0.81% 3373
Tech Mahindra Limited TECHM -1.15% 1143.2

Breakout Stocks

Name Symbol Change Closing Price
Cipla Limited CIPLA 1.3% 1068.5
Jindal Stainless Limited JSL 1.12% 376.3
Tata Steel Limited TATASTEEL 0.59% 119.95

Positional Long Stocks

Name Symbol Change Closing Price
Elgi Equipments Limited ELGIEQUIP 1.32% 559.75
Idbi Bank Limited IDBI 1.14% 57.45
Cholamandalam Financial Holdings Ltd CHOLAHLDNG 1.13% 925.55

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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