Pre-market Analysis Nifty Bank Nifty 31 August 2023

Market Recap

  • Nifty advanced 0.02% to close at 19347.45

  • Bank Nifty declined 0.59% to close at 44232.60

  • India VIX declined 3.48% to close at 11.80

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
45.97 -34.31 19432.75 19409.49

Nifty Open Interest Analysis

Feature Value
Support 19100
Resistance 19600
PCR 0.796113

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
43.83 -173.94 44400.82 44768.94

Bank Nifty Open Interest Analysis

Feature Value
Support 43500
Resistance 45000
PCR 0.606988

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
Mahindra & Mahindra Limited M&M 1.43% 1583.2

Bearish Stocks

Name Symbol Change Closing Price
Reliance Industries Limited RELIANCE -0.1% 2418.05
Dr. Reddy’s Laboratories Limited DRREDDY -1.29% 5649.75
State Bank Of India SBIN -1.3% 567.4

Breakout Stocks

Name Symbol Change Closing Price
Jubilant Ingrevia Ltd JUBLINGREA 1.4% 517.7

Positional Long Stocks

Name Symbol Change Closing Price
Crisil Limited CRISIL 1.07% 3917.6
Exide Industries Limited EXIDEIND 0.46% 261.6

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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