Pre-market Analysis Nifty Bank Nifty 17 November 2022

Market Recap

Nifty Futures closed at 18,452 (-0.06%)

Bank Nifty Futures closed at 42,580 (+0.23%)

India Vix Advanced and is at 15.1 (+3.18%)

FII Sold for INR 386 Cr.

DII Bought for INR 1,437 Cr.

Volume Gainers: ICICI BANK, ONGC, and COAL INDIA

Volume Losers: TATA STEEL, ADANI PORTS, and NTPC

Global Markets

Dow Jones is Bullish

US VIX is at 24.1 (-1.75%)

DAX is Bullish

Nikkei is Bearish

Global Markets are Bullish

Commodity and Currency

Gold has Declined

Brent Crude has Declined

USD/INR has Declined

GBP/INR has Declined

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,400 (+0)

PCR: 0.80 (-0.13)

BP : 0.28 (+0.13)

Max Put Addition: 18,600 (48%)

Max Put Unwinding: NA

Max Call Addition: 18,400 (46%)

Max Call Unwinding: NA

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

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 42,500 (+100)

PCR: 1.16 (+0.12)

BP : 0.47 (+0.29)

Max Put Addition: 42,800 (246%)

Max Put Unwinding: NA

Max Call Addition: 42,900 (110%)

Max Call Unwinding: 42,300 (64%)

Immediate Support and Resistance stand at 42,200 and 42,800

Stock Picks

Bullish Stocks: NBCC, CASTROLINDIA, OIL

Bearish Stocks: METROPOLIS, APOLLOTYRE, and ICICIPRULI

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.

«16 November Nifty Analysis

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