Nifty | Bank Nifty Futures Prediction Tomorrow, 25 June
Nifty & Bank Nifty Futures Prediction Tomorrow 25 June 2021: Indian stock markets opened higher on Thursday amid positive cues from other Asian markets. The key benchmark indices, Sensex and Nifty traded above their neutral lines throughout the day on the back of buying in IT, Metals, and Auto sectors. In the end, markets extended their early gains and closed higher on the monthly expiry day.
The market sentiments were positive after the government notified the accounting standards for small and medium companies that revise the turnover and borrowing limits as well as help in making disclosure requirements less onerous. Besides, Finance Minister Nirmala Sitharaman said the government will actively pursue cases against economic offenders to bring back defrauded money to banks.
Today’s market updates: Sensex, Nifty, and Bank Nifty spot price
At close, Nifty gained 103.50 points or 0.66 percent and closed at 15790.45 levels while Sensex was up by 392.92 points or 0.76 percent and finished at 52699 levels. The Bank Nifty spot price also jumped 253 points or 0.74 percent and ended at 34827 levels.
The broader markets closed mixed today. The Nifty midcap index fell 74.40 points or 0.28 percent and closed at 26601.45 levels. The Nifty smallcap index gained just 3.55 points and finished almost flat at 9639.15 levels.
The top five gainers in the Nifty 50 index were Infosys, TCS, Tech Mahindra, JSW Steel, and Asian Paints. The top five losers in the Nifty 50 index were Reliance, Coal India, IOC, Adani Ports, and ONGC. The most active stocks in the Nifty 50 index were Reliance, Infosys, and Adani Ports. Reliance was the most active stock today, the share price of RIL fell 2.35 percent at the close. The company conducted its 44th annual general meeting (AGM) on 24 June, at 2 pm today.
On a sectoral basis, the IT & Software sector gained the most at 2.76 percent followed by Metals, Banks, Automobiles, and FMCG sectors. The sectors that closed in the red were Oil & Gas, Healthcare, Power, Telecom, and Real Estate.
Nifty and Nifty Bank futures price movement for 24 June, ( June Expiry)
The Nifty futures price opened at 15722.50 and made a positive opening of 26.6 points. It has touched an intraday high at 15819.55 and a day’s low at 15687.25
The Nifty futures price has given a movement of 132.3 points today. In the end, it gained 94.1 points or 0.60 percent and ended at 15790 levels.
The Bank Nifty futures opened at 34699.25 It made a positive opening of 87.35 points today. It has touched an intraday high at 34970 and a day’s low at 34579.30
During the day, the Bank Nifty in futures has given a movement of 390.7 points. In the end, it closed higher by 213.1 points or 0.60 percent and closed at 34825 levels.
Nifty & Bank Nifty futures prediction for tomorrow 25 June, (July Expiry )
Nifty Futures Prediction for tomorrow, 25 June
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15880 whereas All Down Moves Initiates Short Covering (Buy) @ 15750
If the Nifty futures share price Moves Above 15858 and sustain. Then you should Buy with 1st Target of 15887 during the day with a Stop Loss of 15802 FOR the Target of 15887-15911- 15936
If the Nifty futures share price Moves Below 15802 and sustained. Then you should Sell with the 1st Target of 15780 during the day with a Stop Loss of 15858. FOR the Target of 15780- 15753 -15725
Bank Nifty Futures Prediction for Tomorrow, 25 June
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35220, whereas All Down Moves Initiates Short Covering (Buy) @ 34950
Suppose the Bank Nifty futures Moves Above 35130 and sustain, then you should Buy with the 1st Target of 35220 during the day with a Stop Loss of 34950. FOR the Target of 35220 – 35310 – 35380
If the Bank Nifty futures Moves Below 34950 and sustained, then you should Sell with the 1st Target of 34870 during the day with a Stop Loss of 35130. FOR the Target of 34870 – 34790 – 34660
Global markets today
On the global front, Asian markets mostly closed in the green today as investors were cautious and looking for more clarity on U.S inflation ahead of official data on Friday. European market indexes are trading higher after the Bank of England kept the stimulus program unchanged and left its benchmark interest rate at an all-time low as expected. The U.S futures index, Dow, and Nasdaq futures are trading higher at this moment ( 5 PM IST)
Conclusions
Indian stock market indexes closed higher on the monthly derivative expiry day. Buying witnessed in IT and private banking stocks and that supported the markets to trade higher. Whereas Reliance traded negatively today and was trying to drag down the market.
Going ahead, Indian markets will trade as per global cues tomorrow in absence of any domestic events. You can also follow our Daily Morning Report and Nifty and Bank Nifty prediction for tomorrow June 24
Also read, Top 3 Fiverr Day Trading Freelancers- Best Review in 2021
NSE Indices: Nifty & Bank Nifty futures for (14-18 June)
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