Pre-market Analysis Nifty Bank Nifty 17 June 2022

Market Recap

Nifty Futures opened gap up, Declined 369 points to Close at 15,340

Bank Nifty Futures opened gap up, Declined 833 points to close at 32,565

India Vix closed at 22.8 (+3.25%)

FII Sold for INR 3,258 Cr.

DII Bought for INR 1,929 Cr.

Volume Gainers : BRITANNIA, and NESTLE INDIA

Volume Losers : ONGC, TATA MOTORS, and NTPC

Global Markets

Dow Jones Futures Advanced and is currently at 30,000

US VIX is at 32.9 (+11.24%)

NASDAQ Futures Advanced and is currently at 11,200

DAX Declined and is currently at 13,026

Nikkei Futures Declined and is currently at 25,780

Commodity and Currency

Gold Declined and is currently at 1,846

Brent Crude Advanced and is currently at 120.3

USD/INR is flat at at 77.8

GBP/INR Declined and is currently at 96.0

Nifty 50 Technicals

Max Pain : 15,550

PCR : 0.46

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : High Volatile

Bank Nifty Technicals

Max Pain : 32,900

PCR : 0.52

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : High Volatile

Stock Picks

Bullish Stocks : SAIL, CROMPTON, and TATA COMMUNICATIONS

Bearish Stocks : UPL, APOLLO TYRE, and MRF

Summary

Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,300 - 15,700
Bank Nifty may trade between 32,400 - 33,300

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.

« 16 June Nifty Analysis

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