Pre-market Analysis Nifty Bank Nifty 18 October 2022

Market Recap

Nifty Futures closed at 17,300 (+0.61%)

Bank Nifty Futures closed at 39,976 (+1.47%)

India Vix Declined and is at 18.4 (+0.88%)

FII Sold for INR 372 Cr.

DII Bought for INR 1,582 Cr.

Volume Gainers: SBI, NTPC, and AXIS BANK

Volume Losers: TATA STEEL, HINDALCO, and WIPRO

Global Markets

Dow Jones is Bullish

US VIX is at 31.37 (-2.03%)

DAX is Bullish

Nikkei is Bullish

Global Markets are Bullish

Commodity and Currency

Gold has Advanced

Brent Crude has Declined

USD/INR has Declined

GBP/INR has Declined

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 17, 300

PCR: 0.78

BP : 0.15

Max Put Addition: 17300 (206%)

Max Put Unwinding: 17200(61%)

Max Call Addition: 17300 (48%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 17000 and 17400

Bank Nifty Technicals

Trend : Bullish

Volatility : High

Max Pain: 39, 900

PCR: 1.06

BP : 0.29

Max Put Addition: 39900 (2690%)

Max Put Unwinding: 40000 (509%)

Max Call Addition: 40200 (112%)

Max Call Unwinding: 39500 (55%)

Immediate Support and Resistance stand at 39, 700 and 40, 300

Stock Picks

Bullish Stocks: PIDILITIND, CUB, and ACC

Bearish Stocks: OBEROIRLTY, HAVELLS, and RECLTD

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 October Nifty Analysis

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