Pre-market Analysis Nifty Bank Nifty 17 October 2022

Market Recap

Nifty Futures closed at 17195 (+1%)

Bank Nifty Futures closed at 39395 (1.7%)

India Vix Declined and is at 18.25 (-10%)

FII Sold for INR 1624 Cr.

DII Bought for INR 1011 Cr.

Volume Gainers: INFY, SBI, ICICI

Volume Losers: POWERGRID, WIPRO, ONGC

Global Markets

Dow Jones is Bullish

US VIX is at 32 (+.25%)

DAX is Flat

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has Advanced

Brent Crude has Advanced

USD/INR has Advanced

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : High

Max Pain: 17, 200

PCR: 0.73

BP : 0.44

Max Put Addition: 17300 (935%)

Max Put Unwinding: 17100(42%)

Max Call Addition: 17300 (121%)

Max Call Unwinding: 17000 (65%)

Immediate Support Resistance Stands at 17000 and 17300

Bank Nifty Technicals

Trend : Bullish

Volatility : High

Max Pain: 39, 300

PCR: 0.77

BP : 0.81

Max Put Addition: 39700 (2000%)

Max Put Unwinding: 38900 (213%)

Max Call Addition: 39600 (295%)

Max Call Unwinding: 38900 (55%)

Immediate Support and Resistance stand at 38, 900 and 39,700

Stock Picks

Bullish Stocks: ANGEL ONE, COAL INDIA, FEDERAL BANK

Bearish Stocks: ASIAN PAINTS, BPCL

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.

« 15 October Nifty Analysis

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