NIFTY AND BANK NIFTY ANALYSIS FOR 15 NOV 2022.

15 Nov 2022 2100 Hrs
1. US, Europe looks over stretched and may consolidate or may have a dip also.
2. Asia is consolidating.
3. India VIX is below 15 indicating bullishness .
4. HDFC Bank is looking bullish. After the consolidation today may show some up move.
5. ICICI Bank is oversold and has taken sp at 50 SMA.
6. Reliance is looking bullish.
7. Nifty has consolidated in a narrow range today. It could not breach 18400 today. Any buy or sell can only be done if the range breaks on either side.
8. Similarly Bank Nifty today consolidated in a narrow 300 points range. Further buy or sell can be done only after the range break out on either side.
Verdict.
9. SGX Nifty is indicating 54 points uptick at 18432.
8. Nifty 18500 call can be bought if Nifty sustain 18400 levels.
9. Bank Nifty 42300 call can be bought if Bank nifty sustain above 42230 in the initial 15 min.
Stocks to Look At.
1. Manappuram can still be bought @115 levels tgt 140 in one week. SL 108.
2. PGHL can be bought @4303 levels Tgt 4501.
DISCLAIMER : I AM NOT A SEBI REGISTERED TRADER. PLEASE USE THIS INFO TO ENHANCE YOUR DECISION MAKING AND EDUCATION PURPOSE.
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