Pre-market Analysis Nifty Bank Nifty 25 August 2023

Market Recap

  • Nifty declined 0.29% to close at 19386.70

  • Bank Nifty advanced 0.04% to close at 44496.20

  • India VIX declined 0.23% to close at 11.70

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
46.68 -9.83 19509.32 19364.76

Nifty Open Interest Analysis

Feature Value
Support 19200
Resistance 19700
PCR 0.530985

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
47.91 -235.55 44647.67 44719.93

Bank Nifty Open Interest Analysis

Feature Value
Support 43800
Resistance 45300
PCR 0.620475

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Nothing Significant

Put Open Interest Reductions

Nothing Significant

Bullish Stocks

None

Bearish Stocks

Name Symbol Change Closing Price
Bajaj Finserv Limited BAJAJFINSV -0.1% 1468.6
Hero Motocorp Limited HEROMOTOCO -0.81% 2927.75

Breakout Stocks

Name Symbol Change Closing Price
Rural Electrification Corporation Limited RECLTD 1.44% 243.5
Whirlpool Of India Limited WHIRLPOOL 1.14% 1645.95

Positional Long Stocks

Name Symbol Change Closing Price
Colgate Palmolive (india) Limited COLPAL 1.46% 1974.05
Shoppers Stop Limited SHOPERSTOP 1.33% 812.25
Sonata Software Limited SONATSOFTW 0.96% 1030.65

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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