Pre-market Analysis Nifty Bank Nifty 01 September 2023

Market Recap

  • Nifty declined 0.48% to close at 19253.80

  • Bank Nifty declined 0.55% to close at 43989.15

  • India VIX advanced 2.22% to close at 12.06

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
41.47 -42.03 19419.11 19418.23

Nifty Open Interest Analysis

Feature Value
Support 19200
Resistance 19700
PCR 0.620274

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Nothing Significant

Bank Nifty Technicals

RSI MACD 20 SMA 50 SMA
39.96 -190.15 44350.49 44773.39

Bank Nifty Open Interest Analysis

Feature Value
Support 43500
Resistance 45000
PCR 0.529484

Call Open Interest Additions

Put Open Interest Additions

Call Open Interest Reductions

Put Open Interest Reductions

Bullish Stocks

Name Symbol Change Closing Price
Titan Company Limited TITAN 0.72% 3104.45
Tata Steel Limited TATASTEEL 0.66% 122.9

Bearish Stocks

Name Symbol Change Closing Price
NIFTY NIFTY -0.48% 19253.8
Tata Motors Limited TATAMOTORS -0.75% 601
Kotak Mahindra Bank Limited KOTAKBANK -0.91% 1758.75
Power Grid Corporation Of India Limited POWERGRID -1.03% 244.55
Hindustan Unilever Limited HINDUNILVR -1.06% 2505.05
Divi’s Laboratories Limited DIVISLAB -1.07% 3592.1
State Bank Of India SBIN -1.07% 561.35
Apollo Hospitals Enterprise Limited APOLLOHOSP -1.24% 4814.1

Breakout Stocks

Name Symbol Change Closing Price
Vijaya Diagnostic Centre Ltd VIJAYA 1.49% 521
The Phoenix Mills Limited PHOENIXLTD 1.46% 1799.85
Atul Limited ATUL 1% 7334.1

Positional Long Stocks

Name Symbol Change Closing Price
L&t Finance Holdings Limited L&TFH 0.69% 124.85

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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