Pre-market Analysis Nifty Bank Nifty 18 November 2022

Market Recap

Nifty Futures closed at 18,378 (-0.40%)

Bank Nifty Futures closed at 42,532 (-0.11%)

India Vix Declined and is at 14.8 (-1.47%)

FII Bought for INR 618 Cr.

DII Bought for INR 449 Cr.

Volume Gainers: ONGC, ICICI BANK, and POWER GRID

Volume Losers: TATA MOTORS, NTPC, and HINDALCO

Global Markets

Dow Jones is Bullish

US VIX is at 23.9 (-0.75%)

DAX is Bullish

Nikkei is Bullish

Global Markets are Bullish

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: 18,300 (-100)

PCR: 0.97 (+0.04)

BP : 0.83 (+0.55)

Max Put Addition: 18,300 (45%)

Max Put Unwinding: NA

Max Call Addition: 18,500 (94%)

Max Call Unwinding: NA

Immediate Support Resistance Stands at 18,100 and 18,500

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 42,500 (+0)

PCR: 0.8 (+0.12)

BP : 0.24 (+0.04)

Max Put Addition: 42,900 (240%)

Max Put Unwinding: 42,500 (44%)

Max Call Addition: 42,600 (193%)

Max Call Unwinding: NA

Immediate Support and Resistance stand at 42,100 and 42,900

Stock Picks

Bullish Stocks: NBCC, RAYMOND, AIRTEL

Bearish Stocks: PIIND, GODREJCP, and IGL

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.

«17 November Nifty Analysis

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