Nifty & Bank Nifty prediction for tomorrow 15 June 2021
Nifty & Bank nifty futures prediction for tomorrow 15 June 2021: Indian stock markets opened flat on Monday amid mixed cues from the global market peers. Markets turned into deep red immediately after opening and continued their lackluster trade in the afternoon session. In the end, markets erased all intraday losses and closed in the positive zone.
The market sentiments were downbeat as the wholesale price-based (WPI) inflation accelerated to a record high of 12.94 percent in May. This is due to the rising prices of crude oil and manufactured goods. The low base effect also contributed to the spike in WPI inflation in May 2021 as WPI in 2020 was – 3.37 percent. This is the fifth consecutive month of uptick seen in the WPI based inflation. Traders also remain cautious ahead of the CPI-based inflation numbers expected after the market hours today.
Today’s market updates: Sensex, Nifty, and Bank Nifty spot price
At the close, Nifty gained 12.5 points or 0.08 percent and closed at 15811.85 levels while Sensex was up by 76.77 points or 0.15 percent and finished at 52551.53 levels. The Bank Nifty spot price closed lower by 96.80 points or 0.27 percent and ends at 34950.60 levels.
The midcap and smallcap index closed marginally lower today. The Nifty midcap index was down by 130.65 points or 0.48 percent and closed at 27198.50 levels. The Nifty smallcap index declined 33 points or 0.34 percent and finished at 9717.05 levels.
The top five gainers in the Nifty 50 index were Tata Motors, Reliance, Wipro, Divis Lab, and Bajaj Finance. The top five losers in the Nifty 50 index were Adani Ports, Coal India, Kotak Mahindra, HDFC, and Maruti Suzuki. The most active stocks in the Nifty 50 index were Adani Ports, Reliance, and Tata Steel. Adani group shares decline the most due to the action taken by the NSDL against three FPI accounts that own shares in four of the listed Adani firms.
On a sectoral basis, Oil & Gas, IT & Software, Healthcare, and Automobile sectors closed in the green. On the losing side Infrastructures, Capital Goods, Power, Real Estate, and Banking sectors closed in the red today.
Nifty and Nifty Bank futures price movement for 14 June, ( June Expiry)
The Nifty futures price opened at 15728 made a negative opening of 89.3 points. It has touched an intraday high at 15848.10 and a day’s low at 15630.65
The Nifty futures price has given a movement of 217.45 points today. In the end, it gained 18.7 points or 0.12 percent and ended at 15836 levels.
The Banknifty futures opened at 35024 It made a negative opening of 145.35 points today. It has touched an intraday high at 35130 and a day’s low at 34455
During the day, the Banknifty in futures has given a movement of 675 points. In the end, it closed lower by 121.25 points or 0.34 percent and closed at 35048.10 levels.
Nifty & Bank Nifty prediction for tomorrow 15 June 2021, (June Expiry )
Nifty futures prediction for tomorrow, 15 June
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15900 whereas All Down Moves Initiates Short Covering (Buy) @ 15770
If the Nifty futures share price Moves Above 15852 and sustain. Then you should Buy with 1st Target of 15902 during the day with a Stop Loss of 15772 FOR the Target of 15902-15940- 15978
If the Nifty futures share price Moves Below 15772 and sustained. Then you should Sell with the 1st Target of 15735 during the day with a Stop Loss of 15852. FOR the Target of 15735- 15695 -15660
Bank Nifty Futures Prediction for Tomorrow, 15 June
Primary Trend of Bank Nifty Futures: Mild Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35600, whereas All Down Moves Initiates Short Covering (Buy) @ 35100
Suppose the Bank Nifty futures Moves Above 35310 and sustain, then you should Buy with the 1st Target of 35425 during the day with a Stop Loss of 34875. FOR the Target of 35425 – 35555 – 35750
If the Bank Nifty futures Moves Below 34875 and sustained, then you should Sell with the 1st Target of 34755 during the day with a Stop Loss of 35310. FOR the Target of 34755 – 34625 – 34415
Global markets today
On the global front, Asian markets closed mixed on Monday as traders’ focus will be on the U.S Federal Reserves policy meeting this week. European market indices are trading higher on Monday as investors bet on global central banks sticking to an accommodative stance on monetary policy even after post-pandemic economic recovery. The U.S future indices Dow and Nasdaq futures are trading in the green today at 4.30 pm IST.
Conclusions
Indian equity benchmark indices recovered intraday losses and extended their Friday’s gain today. Nifty managed to close above 15800 levels on the back of buying in IT and Oils and Gas sectors. The market sentiments were subdued due to higher WPI inflation numbers, the CPI-based inflation numbers are expected at 5.30 pm today. Going ahead, tomorrow markets will first react to the CPI number and may trade cautiously ahead of the FOMC meeting outcome that expected later this week.
You can also follow our Daily Morning Report and daily trade ideas on Nifty and Bank Nifty prediction for tomorrow June 15.
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