Pre-market Analysis Nifty Bank Nifty 06 September 2023

Market Recap

  • Nifty advanced 0.24% to close at 19574.90

  • Bank Nifty declined 0.10% to close at 44532.15

  • India VIX declined 1.35% to close at 10.81

Global Data

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

Nifty Technicals

RSI MACD 20 SMA 50 SMA
57.50 -1.99 19421.26 19463.14

Nifty Open Interest Analysis

Feature Value
Support 19300
Resistance 19800
PCR 0.810338

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
50.50 -106.58 44316.30 44820.18

Bank Nifty Open Interest Analysis

Feature Value
Support 43900
Resistance 45400
PCR 0.727148

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
Bajaj Finance Limited BAJFINANCE 1.03% 7345.1
Infosys Limited INFY 0.94% 1478.9
Larsen & Toubro Limited LT 0.81% 2732.95
Tata Steel Limited TATASTEEL -0.04% 131.7
Ntpc Limited NTPC -0.51% 234.6

Bearish Stocks

Name Symbol Change Closing Price
Dr. Reddy’s Laboratories Limited DRREDDY -1.42% 5578.9

Breakout Stocks

Name Symbol Change Closing Price
Varun Beverages Limited VBL 1.38% 935.8
Whirlpool Of India Limited WHIRLPOOL 0.87% 1664.45

Positional Long Stocks

Name Symbol Change Closing Price
Hitachi Energy India Ltd POWERINDIA 0.56% 4418.2

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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