Pre-market Analysis Nifty Bank Nifty 23 May 2022

Market Recap

Nifty Futures opened gap up, Advanced 505 points to Close at 16,274

Bank Nifty Futures opened gap up, Advanced 1,030 points to close at 34,305

India Vix closed at 23.1 (-5.94%)

FII Sold for INR 1,265 Cr.

DII Bought for INR 2,149 Cr.

Volume Gainers : TATA MOTORS, SBI, and ICICI BANK

Volume Losers : UPL, and SHREE CEMENT

Global Markets

Dow Jones Futures Advanced and is currently at 31,419

US VIX is at 29.4 (+0.27%)

NASDAQ Futures Advanced and is currently at 11,979

DAX Advanced and is currently at 14,140

Nikkei Futures Advanced and is currently at 26,950

Commodity and Currency

Gold Advanced and is currently at 1849

Brent Crude Advanced and is currently at 113.6

USD/INR Advanced and is currently at 77.8

GBP/INR Advanced and is currently at 97.4

Nifty 50 Technicals

Max Pain : 16,200

PCR : 1.01

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : High Volatile

Bank Nifty Technicals

Max Pain : 34,100

PCR : 1.11

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : High Volatile

Stock Picks

Bullish Stocks : HAL, ZYDUS LIFESCIENCE, and DR. REDDY

Bearish Stocks : HCL, CONCOR, SHREE CEMENT

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,900 - 16,400
Bank Nifty may trade between 33,800 - 34,600

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.

« 20 May Nifty Analysis

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