Pre-market Analysis Nifty Bank Nifty 20 October 2022

Market Recap

Nifty Futures closed at 17,495 (-0.04%)

Bank Nifty Futures closed at 40,402 (+0.05%)

India Vix Advanced and is at 17.4 (-0.20%)

FII Sold for INR 454 Cr.

DII Bought for INR 908 Cr.

Volume Gainers: ITC, AXIS BANK, and RELIANCE

Volume Losers: TATA STEEL, SBI, and COAL INDIA

Global Markets

Dow Jones is Bearish

US VIX is at 30.7 (+0.85%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has Declined

Brent Crude has Declined

USD/INR has Advanced

GBP/INR has Declined

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 17,500

PCR: 0.73

BP : 0.27

Max Put Addition: 17,600 (227%)

Max Put Unwinding: NA

Max Call Addition: 17,600 (70%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 17,400 and 17,700

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 40,400

PCR: 0.69

BP : 0.48

Max Put Addition: 40,800 (300%)

Max Put Unwinding: NA

Max Call Addition: 40,600 (179%)

Max Call Unwinding: NA

Immediate Support and Resistance stand at 40,000 and 40,800

Stock Picks

Bullish Stocks: EIDPARRY, CONCOR, and NESTLEIND

Bearish Stocks: PERSISTENT, ZYDUSLIFE, and AARTIIND

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.

« 19 October Nifty Analysis

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