Pre-market Analysis Nifty Bank Nifty 05 July 2022

Market Recap

Nifty Futures opened gap up, Advanced 77 points to Close at 15,831.

Bank Nifty Futures opened gap up, Advanced 409 points to close at 34,047.

India Vix closed at 20.9 (-1.31%)

FII Sold for INR 2,150 Cr.

DII Bought for INR 1,688 Cr.

Volume Gainers : ITC, POWER GRID, and SBI

Volume Losers : ONGC, TATA MOTORS, and HINDALCO

Global Markets

Dow Jones Advanced and is at 31,160

US VIX is at 27.5 (+3.11%)

NASDAQ Futures Advanced and is currently at 11,670

DAX Advanced and is currently at 12,870

Nikkei Futures Advanced and is currently at 26,400

Commodity and Currency

Gold Advanced and is currently at 1,809

Brent Crude Advanced and is currently at 116.9

USD/INR Declined and is currently at 78.9

GBP/INR Advanced and is currently at 95.6

Nifty 50 Technicals

Max Pain : 15,800

PCR : 1.07

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 33,700

PCR : 1.16

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Stock Picks

Bullish Stocks : MUTHOOT FINANCE, ACC, and LTI

Bearish Stocks : TCS, BIRLASOFT, and INDIGO

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,600 - 16,000
Bank Nifty may trade between 33,200 - 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.

« 04 July Nifty Analysis

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