Pre-market Analysis Nifty Bank Nifty 06 July 2022

Market Recap

Nifty Futures opened gap up, Declined 60 points to Close at 15,776.

Bank Nifty Futures opened gap up, Declined 185 points to close at 33,827.

India Vix closed at 20.7 (-0.88%)

FII Bought for INR 1,296 Cr.

DII Sold for INR 258 Cr.

Volume Gainers : ONGC, HINDALCO, and TATA MOTORS.

Volume Losers : ITC, NTPC, and INFOSYS

Global Markets

Dow Jones is Flat at 30,935

US VIX is at 27.5 (+0.04%)

NASDAQ Futures Advanced and is currently at 11,827

DAX Advanced and is currently at 12,595

Nikkei Futures Declined and is currently at 26,160

Commodity and Currency

Gold Advanced and is currently at 1,770

Brent Crude Advanced and is currently at 106.9

USD/INR is flat at 79.2

GBP/INR Declined and is currently at 94.8

Nifty 50 Technicals

Max Pain : 15,800

PCR : 0.78

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 33,900

PCR : 0.91

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Stock Picks

Bullish Stocks : SIEMENS, APOLLO HOSPITAL, and SBI CARD

Bearish Stocks : TCS, INDUSIND BANK, and INDIA MART

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,600 - 16,000
Bank Nifty may trade between 33,300 - 34,200

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.

« 05 July Nifty Analysis

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