Pre-market Analysis Nifty Bank Nifty 27 October 2022

Market Recap

Nifty Futures closed at 17,655 (-0.44%)

Bank Nifty Futures closed at 41,111 (-0.38%)

India Vix Advanced and is at 16.8 (-3.11%)

FII Sold for INR 247 Cr.

DII Bought for INR 873 Cr.

Volume Gainers: SBI, TATA MOTORS, and NTPC

Volume Losers: ITC, AXIS BANK, and ONGC

Global Markets

Dow Jones is Bullish

US VIX is at 27.2 (-4.15%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

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: 17,700

PCR: 0.57

BP : 0.29

Max Put Addition: NA

Max Put Unwinding: 17700

Max Call Addition: 17,800 (40%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 17,500 and 17,800

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 41,100

PCR: 0.71

BP : 1.19

Max Put Addition: 41,100 (40%)

Max Put Unwinding: 41,300 (47%)

Max Call Addition: 41,100 (167%)

Max Call Unwinding: 40,700 (46%)

Immediate Support and Resistance stand at 41,000 and 41,500

Stock Picks

Bullish Stocks: CIPLA, GODFRYPHLP, and METROPOLIS

Bearish Stocks: SBICARD, PVR and LAURUSLABS

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.

« 25 October Nifty Analysis

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