Pre-market Analysis Nifty Bank Nifty 23 November 2022

Market Recap

Nifty Futures closed at 18,281 (+0.49%)

Bank Nifty Futures closed at 42,479 (+0.27%)

India Vix Declined and is at 13.8 (-6.45%)

FII Sold for INR 698 Cr.

DII Bought for INR 636 Cr.

Volume Gainers: TATA STEEL, NTPC, and ITC

Volume Losers: ONGC, BHARTI AIRTEL, and HINDALCO

Global Markets

Dow Jones is Bullish

US VIX is at 21.2 (-4.79%)

DAX is Bullish

Nikkei is Bullish

Global Markets are Bullish

Commodity and Currency

Gold has Declined

Brent Crude has Advanced

USD/INR has Advanced

GBP/INR has Advanced

Nifty 50 Technicals

Trend : Bullish

Volatility : Low

Max Pain: 18,200 (0)

PCR: 1.09 (+0.27)

BP : 0.45 (-0.67)

Max Put Addition: 18,200 (+102%)

Max Put Unwinding: NA

Max Call Addition: NA

Max Call Unwinding: NA

Immediate Support Resistance Stands at 18,000 and 18,300

Bank Nifty Technicals

Trend : Bullish

Volatility : Low

Max Pain: 42,500 (+200)

PCR: 0.86 (-0.26)

BP : 0.24 (-0.60)

Max Put Addition: 42,700 (88%)

Max Put Unwinding: NA

Max Call Addition: NA

Max Call Unwinding: NA

Immediate Support and Resistance stand at 42,100 and 42,700

Stock Picks

Bullish Stocks: CASTROLIND, HAL, and LTTS

Bearish Stocks: ZYDUSLIFE, NESTLEIND, and INDUSTOWER

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.

«22 November Nifty Analysis

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