Pre-market Analysis Nifty Bank Nifty 18 August 2022

Market Recap

Nifty Futures opened gap up, Advanced 123 points to Close at 17,974.

Bank Nifty Futures opened gap up, Advanced 205 points to close at 39,513.

India Vix closed at 17.67 (-0.04%)

FII Bought for INR 2,347 Cr.

DII Sold for INR 510 Cr.

Volume Gainers: NTPC, HINDALCO, and BHARTI AIRTEL

Volume Losers: TATA STEEL, TATA MOTORS, and ONGC

Global Markets

Dow Jones Advanced and is currently at 33,938

US VIX is at 19.9 (+1.07%)

NASDAQ Futures Declined and is currently at 13,465

DAX Advanced and is currently at 13,635

Nikkei Futures Declined and is currently at 28,910

Commodity and Currency

Gold Advanced and is currently at 1,765

Brent Crude Advanced and is currently at 95.4

USD/INR Advanced and is currently at 79.38

GBP/INR Advanced and is currently at 95.61

Nifty 50 Technicals

Max Pain: 17,850

PCR: 1.36

RSI: Bullish

MACD: Bullish

Moving Average: Bullish

ATR: Low Volatile

Bank Nifty Technicals

Max Pain: 39,300

PCR: 1.14

RSI: Bullish

MACD: Bullish

Moving Average: Bullish

ATR: Low Volatile

Stock Picks

Bullish Stocks: GLENMARK, HERO MOTOCORP, and SBI CARD

Bearish Stocks: REC LIMITED, SHREE CEMENT, and AMBUJA CEMENT

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 17,200 - 18,100
Bank Nifty may trade between 38,600 - 39,800

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.

« 17 August Nifty Analysis

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