Pre-market Analysis Nifty Bank Nifty 18 July 2022

Market Recap

Nifty Futures opened gap up, Advanced 136 points to Close at 16,068.

Bank Nifty Futures opened gap up, Advanced 61 points to close at 34,782.

India Vix closed at 17.6 (-4.05%)

FII Sold for INR 1,649 Cr.

DII Brought for INR 1,059 Cr.

Volume Gainers : TATA MOTORS, NTPC, and BHARTI AIRTEL

Volume Losers : ONGC, POWER GRID, and WIPRO

Global Markets

Dow Jones Advanced and is currently at 31,300

US VIX is at 24.2 (-8.22%)

NASDAQ Futures Advanced and is currently at 12,054

DAX Advanced and is currently at 12,868

Nikkei Futures Advanced and is currently at 26,990

Commodity and Currency

Gold Advanced and is currently at 1,713

Brent Crude Declined and is currently at 101.7

USD/INR Declined and is currently at 79.7

GBP/INR Advanced and is currently at 94.9

Nifty 50 Technicals

Max Pain : 16,000

PCR : 1.11

RSI : Neutral

MACD : Bullish

Moving Average : Bullish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 34,700

PCR : 0.81

RSI : Neutral

MACD : Bullish

Moving Average : Bullish

ATR : Low Volatile

Stock Picks

Bullish Stocks : EICHER MOTOR, BEL, and ABB

Bearish Stocks : DABUR, BIRLASOFT and HCL

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 15,800 - 16,200
Bank Nifty may trade between 34,400 - 35,100

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.

« 12 July Nifty Analysis

Recent Articles :

Pre-market Analysis Nifty Bank Nifty 18 September 2024
Pre-market Analysis Nifty Bank Nifty 17 September 2024
Pre-market Analysis Nifty Bank Nifty 13 September 2024
Pre-market Analysis Nifty Bank Nifty 12 September 2024
Pre-market Analysis Nifty Bank Nifty 11 September 2024