Pre-market Analysis Nifty Bank Nifty 08 July 2022

Market Recap

Nifty Futures opened gap up, Advanced 158 points to Close at 16,148.

Bank Nifty Futures opened gap up, Advanced 612 points to close at 34,982.

India Vix closed at 19.2 (-5.25%)

FII Sold for INR 925 Cr.

DII Brought for INR 981 Cr.

Volume Gainers : ONGC, HINDALCO, and NTPC

Volume Losers : RELIANCE, HDFC LIFE, and BHARTI AIRTEL

Global Markets

Dow Jones Advanced and is currently at 31,370

US VIX is at 26.0 (-2.43%)

NASDAQ Futures Advanced and is currently at 12,120

DAX Advanced and is currently at 12,854

Nikkei Futures Advanced and is currently at 26,700

Commodity and Currency

Gold Advanced and is currently at 1,744

Brent Crude Advanced and is currently at 106.2

USD/INR Advanced and is currently at 79.1

GBP/INR Advanced and is currently at 95.3

Nifty 50 Technicals

Max Pain : 16,100

PCR : 1.21

RSI : Bullish

MACD : Bearish

Moving Average : Bullish

ATR : Low Volatile

Bank Nifty Technicals

Max Pain : 34,900

PCR : 1.15

RSI : Bullish

MACD : Bearish

Moving Average : Bullish

ATR : Low Volatile

Stock Picks

Bullish Stocks : TITAN, MFSL, and CANARA BANK

Bearish Stocks : BALRAMPUR CHINI MILL, GODREJ CP, and HDFC LIFE

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 15,900 - 16,200
Bank Nifty may trade between 34,600 - 35,000

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.

« 07 July Nifty Analysis

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