Pre-market Analysis Nifty Bank Nifty 28 June 2022

Market Recap

Nifty Futures opened gap up, Advanced 123 points to Close at 15,836

Bank Nifty Futures opened gap up, Advanced 209 points to close at 33,863

India Vix closed at 21.00 (+2.21%)

FII Sold for INR 1,278 Cr.

DII Bought for INR 1,184 Cr.

Volume Gainers : ONGC, HINDALCO, and NTPC

Volume Losers : RELIANCE, HDFC LIFE, and ADANI PORTS

Global Markets

Dow Jones Futures advanced and is at 31490

US VIX is at 26.9 (-1.03%)

NASDAQ Futures Advanced and is currently at 12,080

DAX Declined and is currently at 13,180

Nikkei Futures Advanced and is currently at 26,940

Commodity and Currency

Gold Advanced and is currently at 1,824

Brent Crude Advanced and is currently at 115

USD/INR is Flat at 78.4

GBP/INR Advanced and is currently at 96.2

Nifty 50 Technicals

Max Pain : 15,800

PCR : 0.98

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 33,800

PCR : 0.88

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Stock Picks

Bullish Stocks : CUB, RAIN, and SBI CARD

Bearish Stocks : HERO MOTOCORP, HDFC AMC, and L&TFH

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,400 - 16,100
Bank Nifty may trade between 33,400 - 34,100

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.

« 27 June Nifty Analysis

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