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Premarket Report 22-July-2022 | Nifty and Bank Nifty Analysis for 22-July-2022

Nifty had good rally since last 5 days. Who would have thought 3rd week of July 2022 series expiry will end up above 16600? Generally on 6th day nifty may have an opposite trend.  So let us see if this happens on Friday 22-July-2022

NIFTY 50

  • Overall trend of NIFTY 50 is upside.
  • Sentiment of NIFTY 50 is positive.
  • NIFTY 50 may trend in one-direction.
  • Closing Price: 16605.25 (84.40).
    Resistances: 16626.68, 16660.44, 16715.08.
    Supports: 16517.39, 16483.63, 16428.98.

NIFTY BANK

  • Overall trend of NIFTY BANK is upside.
  • Sentiment of NIFTY BANK is positive.
  • NIFTY BANK may trend in one-direction.
  • Closing Price: 36201.00 (228.90).
    Resistances: 36309.76, 36414.62, 36584.37.
    Supports: 35970.27, 35865.41, 35695.67.


Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

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