Pre-market Analysis Nifty Bank Nifty 19 October 2022

Market Recap

Nifty Futures closed at 17,502 (+1.17%)

Bank Nifty Futures closed at 40,380 (+1.01%)

India Vix Declined and is at 17.4 (-5.24%)

FII Sold for INR 153 Cr.

DII Bought for INR 2,085 Cr.

Volume Gainers: ITC, SBI, and TATA MOTORS

Volume Losers: NTPC, HDFC, and HDFC BANK

Global Markets

Dow Jones is Bullish

US VIX is at 30.5 (-2.77%)

DAX is Bullish

Nikkei is Bullish

Global Markets are Bullish

Commodity and Currency

Gold has Advanced

Brent Crude has Advanced

USD/INR has Flat

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 17,500

PCR: 0.69

BP : 0.1

Max Put Addition: 17,500 (799%)

Max Put Unwinding: 17,700 (313%)

Max Call Addition: 17,500 (46%)

Max Call Unwinding: 17,300 (70%)

Immediate Support Resistance Stands at 17,400 and 17,600

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 40,300

PCR: 0.69

BP : 0.3

Max Put Addition: 40,300 (2,345%)

Max Put Unwinding: 40,000 (98%)

Max Call Addition: 40,300 (165%)

Max Call Unwinding: 39,900 (67%)

Immediate Support and Resistance stand at 40,000 and 40,500

Stock Picks

Bullish Stocks: RECLTD, TATACOMM, and ICICIGI

Bearish Stocks: NAVINFLUOR, MOTHERSON, and HDFCAMC

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.

« 18 October Nifty Analysis

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