Pre-market Analysis Nifty Bank Nifty 03 November 2022

Market Recap

Nifty Futures closed at 18,146 (-0.35%)

Bank Nifty Futures closed at 41,312 (-0.40%)

India Vix Advanced and is at 16.6 (+3.30%)

FII Bought for INR 1,436 Cr.

DII Sold for INR 1,378 Cr.

Volume Gainers: ONGC, ITC, and COAL INDIA

Volume Losers: ADANI PORTS, BHARTI AIRTEL, and AXIS BANK

Global Markets

Dow Jones is Bullish

US VIX is at 25.8 (-0.19%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has Advanced

Brent Crude has Declined

USD/INR has Advanced

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,100 (0)

PCR: 0.76 (-0.23)

BP : 0.21 (+0.6)

Max Put Addition: NA

Max Put Unwinding: NA

Max Call Addition: 18,300 (35%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 17,900 and 18,300

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 41,100(-200)

PCR: 0.85 (+0.15)

BP : 1.9 (+1)

Max Put Addition: 40,700 (57%)

Max Put Unwinding: 41400 (42%)

Max Call Addition: 41,100 (116%)

Max Call Unwinding: NA

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

Stock Picks

Bullish Stocks: SYNGENE, JUSTDIAL, SYNGENE

Bearish Stocks: LICHSGFIN, CIPLA, and COLPAL

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.

«2 November Nifty Analysis

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