Pre-market Analysis Nifty Bank Nifty 01 July 2022

Market Recap

Nifty Futures opened gap up, Declined 1 points to Close at 15,778

Bank Nifty Futures opened gap up, Advanced 147 points to close at 33,420

India Vix closed at 21.8 (-0.27%)

FII Sold for INR 1,138 Cr.

DII Bought for INR 1,378 Cr.

Volume Gainers : NTPC, SBI, and POWER GRID

Volume Losers : ONGC, HINDALCO, and TATA MOTORS

Global Markets

Dow Jones Declined and is at 30,700

US VIX is at 28.7 (+1.95%)

NASDAQ Futures Declined and is currently at 11,510

DAX Declined and is currently at 12,760

Nikkei Futures Declined and is currently at 26,230

Commodity and Currency

Gold Declined and is currently at 1,805

Brent Crude Advanced and is currently at 112.2

USD/INR Declined and is currently at 78.9

GBP/INR Declined and is currently at 96.0

Nifty 50 Technicals

Max Pain : 15,800

PCR : 1.03

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 33,500

PCR : 0.84

RSI : Bearish

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Stock Picks

Bullish Stocks : PVR, MCX, and ICICI PRUDENTIAL

Bearish Stocks : CHAMBAL FERTILIZERS & CHEMICALS, HINDUSTAN PETROLEUM, and ASIAN PAINT

Summary

Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,600 - 16,000
Bank Nifty may trade between 33,000 - 33,900

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.

« 29 June Nifty Analysis

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