Pre-market Analysis Nifty Bank Nifty 16 August 2023

Market Recap

  • Nifty advanced 0.03% to close at 19434.55

  • Bank Nifty declined 0.24% to close at 44090.95

  • India VIX advanced 4.10% to close at 11.99

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
47.63 50.97 19643.15 19258.24

Nifty Open Interest Analysis

Feature Value
Support 19300
Resistance 19800
PCR 0.631914

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
36.19 -140.61 45273.34 44717.74

Bank Nifty Open Interest Analysis

Feature Value
Support 43600
Resistance 45100
PCR 0.673316

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Bullish Stocks

None

Bearish Stocks

Name Symbol Change Closing Price
Ultratech Cement Limited ULTRACEMCO -0.97% 8054.3

Breakout Stocks

Name Symbol Change Closing Price
Transport Corporation Of India Limited TCI 0.53% 787.55

Positional Long Stocks

Name Symbol Change Closing Price
Cholamandalam Financial Holdings Ltd CHOLAHLDNG 1.34% 932.35

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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