Pre-market Analysis Nifty Bank Nifty 01 November 2022

Market Recap

Nifty Futures closed at 18,051 (+1.24%)

Bank Nifty Futures closed at 41,467 (+0.77%)

India Vix Advanced and is at 15.8 (-0.75%)

FII Bought for INR 4,179 Cr.

DII Sold for INR 1,107 Cr.

Volume Gainers: HDFC BANK, BHARTIARTL, and INFY

Volume Losers: TATASTEEL, NTPC, and INDUSINDBK

Global Markets

Dow Jones is Bullish

US VIX is at 25.8 (+0.50%)

DAX is Bullish

Nikkei is Bullish

Global Markets are Bullish

Commodity and Currency

Gold has Advanced

Brent Crude has Advanced

USD/INR has Advanced

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,000

PCR: 0.88

BP : 0.16

Max Put Addition: 18,200 (1,388%)

Max Put Unwinding: 17,900 (480%)

Max Call Addition: 18,100 (21%)

Max Call Unwinding: 17,800 (59%)

Immediate Support Resistance Stands at 17,800 and 18,200

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 41,300

PCR: 0.76

BP : 0.39

Max Put Addition: 41,300 (254%)

Max Put Unwinding: NA

Max Call Addition: 41,300 (43%)

Max Call Unwinding: 41,100 (43%)

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

Stock Picks

Bullish Stocks: METROPOLIS, M&M, and AIRTEL

Bearish Stocks: LICHSGFIN, INTELLECT, and BANDHANBNK

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.

« 27 October Nifty Analysis

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