Pre-market Analysis Nifty Bank Nifty 11 October 2022

Market Recap

Nifty Futures closed at 17241 (-0.43%)

Bank Nifty Futures closed at 39093 (-0.22%)

India Vix Declined is at 19.2 (4.3%)

FII Sold for INR 2139 Cr.

DII Bought for INR 2137 Cr.

Volume Gainers: AXIS BANK, SBI, WIPRO

Volume Losers: TATA MOTORS, ITC, HDFC BANK

Global Markets

Dow Jones is Flat

US VIX Advanced 1.09% and currently at 32.45

DAX is Flat

Nikkei is Bearish

Commodity and Currency

Gold has Advanced

Brent Crude has Advanced

USD/INR is Flat

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Positive

Volatility : High

Max Pain: 17, 300

PCR: 1.13

BP : 0.22

Max Put Addition: 17100 (117%)

Max Put Unwinding: 17300 (40%)

Max Call Addition: 17100 (1032%)

Max Call Unwinding: NA

Bank Nifty Technicals

Trend : Bullish

Volatility : High

Max Pain: 39, 100

PCR: 0.86

BP : 0.40

Max Put Addition: 38700 (164%)

Max Put Unwinding: NA

Max Call Addition: 38700 (184%)

Max Call Unwinding: NA

Stock Picks

Bullish Stocks: TATACHEM, JYOTHYLAB, IDFC

Summary

Global Markets are Bearish
Technicals indicate Bullish Sentiment
Nifty immediate Support and Resistance stand at 17, 000 and 17, 400
Bank Nifty immediate Support and Resistance stand at 38, 500 and 39,500

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.

« 10 October Nifty Analysis

Recent Articles :

Pre-market Analysis Nifty Bank Nifty 24 October 2024
Pre-market Analysis Nifty Bank Nifty 23 October 2024
Pre-market Analysis Nifty Bank Nifty 22 October 2024
Pre-market Analysis Nifty Bank Nifty 21 October 2024
Pre-market Analysis Nifty Bank Nifty 18 October 2024