Pre-market Analysis Nifty Bank Nifty 09 November 2022

Market Recap

Nifty Futures closed at 18,264 (+0.39%)

Bank Nifty Futures closed at 41,845 (+1.03%)

India Vix Advanced and is at 15.5 (-0.45%)

FII Bought for INR 1,948 Cr.

DII Sold for INR 844 Cr.

Volume Gainers: TATA STEEL, SBI, and TATA MOTORS

Volume Losers: NTPC, ADANI PORTS, and INFOSYS

Global Markets

Dow Jones is Bearish

US VIX is at 25.5 (+4.89%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has Declined

Brent Crude has Advanced

USD/INR has Declined

GBP/INR has Declined

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,200 (0)

PCR: 0.76 (-0.23)

BP : 0.06 (-0.06)

Max Put Addition: 18,300 (199%)

Max Put Unwinding: NA

Max Call Addition: 18,400 (64%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 18,000

and 18,300

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 41,700 (+400)

PCR: 0.78 (+0.06)

BP : 0.19 (-0.46)

Max Put Addition: 41,700 (755%)

Max Put Unwinding: 41,500 (76%)

Max Call Addition: 41,700 (201%)

Max Call Unwinding: 41,300 (75%)

Immediate Support and Resistance stand at 41,300

and 42,000

Stock Picks

Bullish Stocks: WESTLIFE, CANARA BANK, SAIL

Bearish Stocks: DIVISLAB, MARICO, and COALINDIA

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.

«7 November Nifty Analysis

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