Pre-market Analysis Nifty Bank Nifty 12 September 2022

Market Recap

Nifty Futures opened gap up, Advanced 42 points to Close at 17,866.

Bank Nifty Futures opened gap up, Advanced 192 points to close at 40,504.

India Vix closed at 17.7 (-3.21%)

FII Bought for INR 2,132 Cr.

DII Sold for INR 1,168 Cr.

Volume Gainers: SBI, ADANI PORTS, and TATA MOTORS

Volume Losers: POWER GRID, BHARTI AIRTEL, and RELIANCE

Global Markets

Dow Jones Declined and is currently at 32,296

US VIX is at 22.7 (-3.47%)

NASDAQ Futures Declined and is currently at 12,689

DAX Advanced and is currently at 13,193

Nikkei Futures Advanced and is currently at 28,280

Commodity and Currency

Gold Advanced and is currently at 1,717

Brent Crude Declined and is currently at 92.2

USD/INR is Flat at 79.6

GBP/INR Advanced and is currently at 92.4

Nifty 50 Technicals

Max Pain: 17,800

PCR: 0.89

RSI: Bullish

MACD: Bullish

Moving Average: Bullish

ATR: High Volatile

Max Put OI:

17,000 (1,56,684; +139.93%)

17,500 (85,360; -4.04%)

Max Call OI:

18,000 (1,39,322; +97.37%)

17,900 (1,24,765; +164.65%)

Bank Nifty Technicals

Max Pain: 40,400

PCR: 0.95

RSI: Bullish

MACD: Bullish

Moving Average: Bullish

ATR: High Volatile

Max Put OI:

39,500 (74,436; +23.86%)

39,000 (73,952; +47.46%)

Max Call OI:

40,500 (1,09,597; +224.51%)

41,000 (71,178; +20.27%)

Stock Picks

Bullish Stocks: GSPL, GRANULES, and TECH MAHINDRA

Bearish Stocks: PVR, UPL, and RAIN

Summary

Global Markets indicate Bullish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 17,600 - 18,000
Bank Nifty may trade between 39,900 - 40,700

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.

« 09 September Nifty Analysis

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