Pre-market Analysis Nifty Bank Nifty 16 June 2022

Market Recap

Nifty Futures opened gap down, Declined 29 points to Close at 15,709

Bank Nifty Futures opened gap up, Advanced 21 points to close at 33,398

India Vix closed at 22.1 (+1.19%)

FII Sold for INR 3,531 Cr.

DII Bought for INR 2,588 Cr.

Volume Gainers : TATA MOTORS, SBI, and TATA STEEL

Volume Losers : ONGC, NTPC, and HDFC BANK

Global Markets

Dow Jones Futures Advanced and is currently at 30,920

US VIX is at 29.6 (-9.39%)

NASDAQ Futures Advanced and is currently at 11,770

DAX Advanced and is currently at 13,670

Nikkei Futures Advanced and is currently at 26,880

Commodity and Currency

Gold Advanced and is currently at 1,833

Brent Crude Advanced and is currently at 121.4

USD/INR is Advanced and is currently at at 78.1

GBP/INR Advanced and is currently at 94.9

Nifty 50 Technicals

Max Pain : 15,850

PCR : 0.70

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 33,500

PCR : 0.79

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Stock Picks

Bullish Stocks : METROPOLIS, IDFC and DR LAL PATHLAB

Bearish Stocks : SUN TV, TATA CHEMICALS, and HINDUSTAN PETROLEUM

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,600 - 15,900
Bank Nifty may trade between 33,100 - 33,800

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.

« 15 June Nifty Analysis

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