Pre-market Analysis Nifty Bank Nifty 24 August 2023

Market Recap

  • Nifty advanced 0.25% to close at 19444.00

  • Bank Nifty advanced 1.10% to close at 44479.05

  • India VIX declined 0.17% to close at 11.73

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
49.43 -5.10 19528.90 19351.35

Nifty Open Interest Analysis

Feature Value
Support 19000
Resistance 19500
PCR 0.766014

Call Open Interest Additions

Nothing Significant

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
47.55 -268.23 44725.98 44711.60

Bank Nifty Open Interest Analysis

Feature Value
Support 43600
Resistance 45100
PCR 0.793689

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Nothing Significant

Bullish Stocks

Name Symbol Change Closing Price
Larsen & Toubro Limited LT 1.45% 2717.6
Hcl Technologies Limited HCLTECH 0.25% 1182.5

Bearish Stocks

Name Symbol Change Closing Price
Bharat Petroleum Corporation Limited BPCL -0.61% 344.8

Breakout Stocks

Name Symbol Change Closing Price
Larsen & Toubro Limited LT 1.45% 2717.6
Housing and Urban Development Corporation HUDCO 1.28% 75.05
Tata Power Company Limited TATAPOWER 0.86% 245.6

Positional Long Stocks

Name Symbol Change Closing Price
Westlife Development Ltd WESTLIFE 1.04% 921.5
360 ONE WAM Ltd 360ONE 0.81% 512.6

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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