Pre-market Analysis Nifty Bank Nifty 04 November 2022

Market Recap

Nifty Futures closed at 18,119 (-0.15%)

Bank Nifty Futures closed at 41,459 (+0.35%)

India Vix Advanced and is at 15.9 (-4.32%)

FII Bought for INR 677 Cr.

DII Sold for INR 732 Cr.

Volume Gainers: TATA STEEL, SBI, and BHARTI AIRTEL

Volume Losers: NTPC, TATA MOTORS, and POWER GRID

Global Markets

Dow Jones is Bearish

US VIX is at 25.3 (-2.17%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has Advanced

Brent Crude has Advanced

USD/INR has Declined

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,100 (0)

PCR: 0.80 (+0.04)

BP : 0.15 (-0.6)

Max Put Addition: 18,000 (224%)

Max Put Unwinding: 18,200 (45%)

Max Call Addition: 18,000 (341%)

Max Call Unwinding: 18,200 (99%)

Immediate Support Resistance Stands at 17,900 and 18,200

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 41,300 (-200)

PCR: 1.01 (+1.6)

BP : 0.67 (-0.33)

Max Put Addition: 41,300 (277%)

Max Put Unwinding: 41,000 (92%)

Max Call Addition: 41,400 (187%)

Max Call Unwinding: 41,200 (43%)

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

Stock Picks

Bullish Stocks: BANKINDIA, ENGINERSIN, ASTERDM

Bearish Stocks: VOLTAS, ITC, and ABBOTINDIA

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.

«3 November Nifty Analysis

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