Pre-market Analysis Nifty Bank Nifty 17 August 2023

Market Recap

  • Nifty advanced 0.16% to close at 19465.00

  • Bank Nifty declined 0.33% to close at 43946.40

  • India VIX advanced 1.08% to close at 12.12

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
49.02 40.98 19628.94 19275.66

Nifty Open Interest Analysis

Feature Value
Support 19300
Resistance 19800
PCR 0.692174

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
34.53 -197.33 45200.12 44714.63

Bank Nifty Open Interest Analysis

Feature Value
Support 43000
Resistance 44500
PCR 0.70593

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
Larsen & Toubro Limited LT 1.17% 2691.05
Dr. Reddy’s Laboratories Limited DRREDDY 0.59% 5857.85

Bearish Stocks

Name Symbol Change Closing Price
Axis Bank Limited AXISBANK -0.73% 933.05

Breakout Stocks

Name Symbol Change Closing Price
Larsen & Toubro Limited LT 1.17% 2691.05

Positional Long Stocks

Name Symbol Change Closing Price
Syngene International Limited SYNGENE 1.43% 805.3
Aster DM Healthcare Ltd ASTERDM 1.24% 310.75
Abbott India Limited ABBOTINDIA 1.13% 23904.2
United Spirits Limited MCDOWELL-N 0.85% 995.15
CreditAccess Grameen Ltd CREDITACC 0.72% 1398.1

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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