Pre-market Analysis Nifty Bank Nifty 21 November 2022

Market Recap

Nifty Futures closed at 18,356 (-0.12%)

Bank Nifty Futures closed at 42,505 (-0.06%)

India Vix Declined and is at 14.3 (-3.28%)

FII Sold for INR 751 Cr.

DII Bought for INR 890 Cr.

Volume Gainers: SBI, ICICI BANK, and TATA MOTORS

Volume Losers: ONGC, NTPC, and ITC

Global Markets

Dow Jones is Bearish

US VIX is at 23.1 (-3.38%)

DAX is Bearish

Nikkei is Bearish

Global Markets are Bearish

Commodity and Currency

Gold has AdvancedDeclined

Brent Crude has AdvancedDeclined

USD/INR has Declined

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,300 (+0)

PCR: 0.70 (-0.20)

BP : 0.53 (-0.30)

Max Put Addition: 18,200 (43%)

Max Put Unwinding: NA

Max Call Addition: 18,300 (108%)

Max Call Unwinding: 18,500 (41%)

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

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 42,400 (-100)

PCR: 0.85 (+0.05)

BP : 0.24 (+0.04)

Max Put Addition: 42,100 (98%)

Max Put Unwinding: 42,400 (42%)

Max Call Addition: 42,500 (116%)

Max Call Unwinding: 42,800 (67%)

Immediate Support and Resistance stand at 42,000 and 42,600

Stock Picks

Bullish Stocks: JBCHEMPARM, PFC, and SKFINDIA

Bearish Stocks: DALBHARAT, JKCEMENT, and NAVINFLUOR

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.

«18 November Nifty Analysis

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