Nifty and Bank Nifty Prediction for Tomorrow 15 Sept 2022
Nifty and Bank Nifty Prediction for Tomorrow 15 Sept 2022: Indian equity markets ended a volatile session with a minor cut, snapping a four-day winning streak on Wednesday. Indian market indexes opened below their psychological levels, due to a hotter-than-expected inflation report in the US, that prompted the chance of aggressive interest rate hikes by the US Federal Reserve.
The markets later recovered their early losses and ended with minor losses. The broader markets also closed lower in line with their larger peers. The benchmark indices, Sensex and Nifty ended lower by 0.37 percent each on Wednesday. You can read the detailed market highlights here.
Nifty and Bank Nifty futures price movement for 14 Sept (Sept Expiry)
The Nifty futures price opened at 17826.65, making a gap-down opening of 278.85 points today. It has touched an intraday high of 18110 and a day’s low of 17819
The Nifty futures price has given a movement of 291 points today. In the end, it closed lower by 87.50 points or 0.48 percent and ended at 18018 levels.
The Bank Nifty futures opened at 40332 It made a negative opening of 609 points. The Bank Nifty futures has touched an intraday high at 41680 and a day’s low at 40250
During the day, the Bank Nifty futures has given a movement of 1430 points. In the end, it closed higher by 479.55 points or 1.17 percent and closed at 41420.95 levels.
Nifty & Bank Nifty Prediction for Tomorrow 15 Sept 2022 (Sept Expiry)
Nifty Futures Prediction for Tomorrow 15 Sept 2022
Primary Nifty Trend in futures: Mild Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18100 whereas All Down Moves Initiates Short Covering (Buy) @ 17900
If the Nifty futures share price Moves Above 18055 and sustain. Then you should Buy with 1st Target of 18085 during the day with a Stop Loss of 18030 FOR the Target of 18085- 18112- 18165
If the Nifty futures share price Moves Below 17990 and is sustained. Then you should Sell with the 1st Target of 17954 for the day with a Stop Loss of 18018. For the Target of 17954- 17928- 17885
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Bank Nifty Futures Prediction for Tomorrow 15 Sept 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 41800 whereas All Down Moves Initiates Short Covering (Buy) @ 4300
Suppose the Bank Nifty futures Moves Above 41570 and sustain, then you should Buy with the 1st Target of 41660 during the day with a Stop Loss of 41415 and the Target of 41660- 41810- 41960
If the Bank Nifty futures Moves Below 41260 and sustain, then you should Sell with the 1st Target of 41138 the day with a Stop Loss of 41365. For the Target of 41138 – 41000 -40885
Global Stock Markets Today
On the global front, the other Asian stock market indexes fell sharply after hotter-than-expected US inflation data was released on Wednesday. Japanese stock fell the most in three months, Heng Seng tumbled and even China closed in the red after Wall Street plunged on the news.
European markets are trading in red on Wednesday following the negative cues from their Asian peers. The US markets are trading slightly higher on Wednesday after the previous day’s heavy sell-off.
Conclusion
Indian stock market benchmark indices smartly recovered from their day’s low supported by the rally in banking and metals stocks. Indian benchmarks fell the least in the Asian region, thanks to brighter prospects for the domestic economy. Tomorrow markets will open as per global cues. Traders should remain cautious tomorrow as WPI numbers are expected during the market hours.
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