Pre-market Analysis Nifty Bank Nifty 20 June 2022

Market Recap

Nifty Futures opened gap down, Declined 29 points to Close at 15,319

Bank Nifty Futures opened gap down, Advanced 155 points to close at 32,789

India Vix closed at 22.7 (-0.48%)

FII Sold for INR 7,819 Cr.

DII Bought for INR 6,087 Cr.

Volume Gainers : ITC, ICICI BANK and COAL INDIA

Volume Losers : WIPRO, POWER GRID, and BPCL

Global Markets

Dow Jones Futures Declined and is currently at 29,770

US VIX is at 31.1 (-5.52%)

NASDAQ Futures Declined and is currently at 11,286

DAX Declined and is currently at 13,070

Nikkei Futures Declined and is currently at 25,680

Commodity and Currency

Gold Advanced and is currently at 1,840

Brent Crude Declined and is currently at 113.8

USD/INR is Advanced and is currently at 77.9

GBP/INR Declined and is currently at 95.2

Nifty 50 Technicals

Max Pain : 15,550

PCR : 1.03

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : High Volatile

Bank Nifty Technicals

Max Pain : 33,000

PCR : 0.88

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : High Volatile

Stock Picks

Bullish Stocks : NBCC, TATA STEEL, and JINDAL STEEL

Bearish Stocks : KOTAK MAHINDRA BANK, TITAN, and WIPRO

Summary

Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,200 - 15,600
Bank Nifty may trade between 32,200 - 33,100

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.

« 17 June Nifty Analysis

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