Pre-market Analysis Nifty Bank Nifty 07 November 2022

Market Recap

Nifty Futures closed at 18,194 (+0.42%)

Bank Nifty Futures closed at 41,419 (-0.10%)

India Vix Advanced and is at 15.6 (-1.80%)

FII Bought for INR 1,436 Cr.

DII Sold for INR 548 Cr.

Volume Gainers: TATA STEEL, SBI, and HINDALCO

Volume Losers: NTPC, ITC, and ICICI BANK

Global Markets

Dow Jones is Bearish

US VIX is at 24.5 (-2.96%)

DAX is Bearish

Nikkei is Bullish

Global Markets are Bearish

Commodity and Currency

Gold has Declined

Brent Crude has Declined

USD/INR has Flat

GBP/INR has Declined

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,100 (0)

PCR: 0.89 (+0.04)

BP : 0.12 (-0.3)

Max Put Addition: 18,200 (142%)

Max Put Unwinding: 18,300 (62%)

Max Call Addition: 18,200 (69%)

Max Call Unwinding: 18,000 (59%)

Immediate Support Resistance Stands at 18,000 and 18,200

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 41,300 (-200)

PCR: 0.72 (-0.29)

BP : 0.54 (-0.13)

Max Put Addition: 41,500 (153%)

Max Put Unwinding: NA

Max Call Addition: 40,900 (447%)

Max Call Unwinding: 41,500 (98%)

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

Stock Picks

Bullish Stocks: ABCAPITAL, SUNDRMFAST, SBIN

Bearish Stocks: CIPLA, INDIGO, and HINDALCO

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.

«4 November Nifty Analysis

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