Pre-market Analysis Nifty Bank Nifty 07 July 2022

Market Recap

Nifty Futures opened gap up, Advanced 214 points to Close at 15,990.

Bank Nifty Futures opened gap up, Advanced 543 points to close at 34,370.

India Vix closed at 20.2 (-2.50%)

FII Sold for INR 330 Cr.

DII Brought for INR 1,464 Cr.

Volume Gainers : SBI, KOTAK MAHINDRA BANK, and M&M

Volume Losers : ONGC, HINDALCO, and NTPC

Global Markets

Dow Jones Declined and is currently at 30,970

US VIX is at 26.7 (-2.94%)

NASDAQ Futures is flat at 11,868

DAX Advanced and is currently at 12,605

Nikkei Futures Advanced and is currently at 26,160

Commodity and Currency

Gold Advanced and is currently at 1,739

Brent Crude Declined and is currently at 101.1

USD/INR is flat at 79.0

GBP/INR Advanced and is currently at 94.1

Nifty 50 Technicals

Max Pain : 15,900

PCR : 1.23

RSI : Neutral

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 34,200

PCR : 1.00

RSI : Bullish

MACD : Bearish

Moving Average : Bearish

ATR : Low Volatile

Stock Picks

Bullish Stocks : CONCOR, HINDUSTAN UNILIVER, and MFSL

Bearish Stocks : BALRAMPUR CHINI MILL, INDIGO, and TVS MOTOR

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,700 - 16,100
Bank Nifty may trade between 33,800 - 34,500

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.

« 06 July Nifty Analysis

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