Pre-market Analysis Nifty Bank Nifty 16 November 2022

Market Recap

Nifty Futures closed at 18,462 (+0.45%)

Bank Nifty Futures closed at 42,484 (+0.67%)

India Vix Advanced and is at 14.6 (-1.84%)

FII Sold for INR 221 Cr.

DII Sold for INR 549 Cr.

Volume Gainers: ONGC, ICICI BANK, and POWER GRID

Volume Losers: TATA STEEL, ITC, and RELIANCE

Global Markets

Dow Jones is Bearish

US VIX is at 24.5 (+3.41%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has Declined

Brent Crude has Declined

USD/INR is Flat

GBP/INR has Declined

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,400 (+100)

PCR: 0.93 (+0.11)

BP : 0.15 (-0.35)

Max Put Addition: 18,400 (228%)

Max Put Unwinding: NA

Max Call Addition: 18,400 (77%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 18,300 and 18,500

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 42,400 (+300)

PCR: 1.04 (+0.12)

BP : 0.18 (-0.36)

Max Put Addition: 42,400 (503%)

Max Put Unwinding: NA

Max Call Addition: 42,400 (114%)

Max Call Unwinding: 42,000 (46%)

Immediate Support and Resistance stand at 42,000 and 42,700

Stock Picks

Bullish Stocks: CGPOWER, GLENMARK, and JKPAPER

Bearish Stocks: COALINDIA, LTI, and ITC

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.

«15 November Nifty Analysis

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