Pre-market Analysis Nifty Bank Nifty 31 July 2023

Market Recap

  • Nifty declined 0.07% to close at 19646.05

  • Bank Nifty declined 0.46% to close at 45468.10

  • India VIX declined 3.59% to close at 10.14

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
60.07 217.29 19577.61 19011.06

Nifty Open Interest Analysis

Feature Value
Support 19400
Resistance 19900
PCR 0.756219

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
55.72 414.33 45368.79 44530.62

Bank Nifty Open Interest Analysis

Feature Value
Support 44800
Resistance 46300
PCR 0.633682

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
Jsw Steel Limited JSWSTEEL 1.31% 804.15
Hero Motocorp Limited HEROMOTOCO 1.13% 3172.5
Adani Ports And Special Economic Zone Limited ADANIPORTS 0.93% 755.7
Bharti Airtel Limited BHARTIARTL -0.01% 895.1

Bearish Stocks

Name Symbol Change Closing Price
Tech Mahindra Limited TECHM -0.8% 1091.05
Hcl Technologies Limited HCLTECH -1.24% 1103.55

Breakout Stocks

Name Symbol Change Closing Price
Abbott India Limited ABBOTINDIA 1.49% 24060
United Breweries Limited UBL 1.23% 1570.4
Nippon Life India Asset Management Ltd NAM-INDIA 0.63% 318.95

Positional Long Stocks

Name Symbol Change Closing Price
Eih Limited EIHOTEL 1.35% 214.55
TATA Consumer Products Ltd TATACONSUM 1.09% 859.35
Max Healthcare Institute Ltd MAXHEALTH 0.51% 606.05

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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