Pre-market Analysis Nifty Bank Nifty 17 August 2022

Market Recap

Nifty Futures opened gap up, Advanced 138 points to Close at 17,851.

Bank Nifty Futures opened gap up, Advanced 231 points to close at 39,309.

India Vix closed at 17.68 (+0.44%)

FII Bought for INR 1,377 Cr.

DII Sold for INR 136 Cr.

Volume Gainers: TATA MOTORS, HDFC LIFE, and ADANI PORTS

Volume Losers: HINDALCO, SBI, and BHARTI AIRTEL

Global Markets

Dow Jones Advanced and is currently at 34,120

US VIX is at 19.69 (-1.30%)

NASDAQ Futures Declined and is currently at 13,650

DAX Advanced and is currently at 13,937

Nikkei Futures Advanced and is currently at 29,110

Commodity and Currency

Gold Declined and is currently at 1,775

Brent Crude Declined and is currently at 94.2

USD/INR Declined and is currently at 79.1

GBP/INR Advanced and is currently at 95.8

Nifty 50 Technicals

Max Pain: 17,700

PCR: 1.06

RSI: Bullish

MACD: Bullish

Moving Average: Bullish

ATR: Low Volatile

Bank Nifty Technicals

Max Pain: 39,000

PCR: 1.04

RSI: Bullish

MACD: Bullish

Moving Average: Bullish

ATR: Low Volatile

Stock Picks

Bullish Stocks: HDFC AMC, ESCORTS, and EICHER MOTORS

Bearish Stocks: MUTHOOT FINANCE, GSPL, and PVR

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 17,600 - 17,900
Bank Nifty may trade between 38,800 - 39,600

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.

« 16 August Nifty Analysis

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