Nifty and Bank Nifty Prediction for Tomorrow 11 Feb 2022
Nifty and Bank Nifty Prediction for Tomorrow 11 Feb 2022: Indian equity markets opened higher on Thursday amid positive global cues. The markets traded in an optimistic mood after the RBI kept key policy rates unchanged and continued with an accommodative stance. The markets gained on the back of buying in metal, banking, and financial stocks. The broader markets also gained today following their larger peers. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 10 February (Feb Expiry)
The Nifty futures price opened at 17525, making a positive opening of 44.85 points. It has touched an intraday high of 17650 and a day’s low at 17440.50
The Nifty futures price has given a movement of 209.5 points today. In the end, it gained 117.5 points or 0.67 percent and ended at 17597.65 levels.
The Bank Nifty futures opened at 38890, It made a positive opening of 185.7 points. The Bank Nifty futures has touched an intraday high at 39254.90 and a day’s low at 38591.95
During the day, the Bank Nifty futures has given a movement of 662.95 points. In the end, it closed higher by 330.70 points or 0.85 percent and closed at 39035 levels.
Nifty & Bank Nifty Prediction for Tomorrow 11 Feb 2022 (Feb Expiry)
Nifty Futures Prediction for Tomorrow 11 Feb 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17720 whereas All Down Moves Initiates Short Covering (Buy) @ 17500
If the Nifty futures share price Moves Above 17635 and sustain. Then you should Buy with 1st Target of 17665 during the day with a Stop Loss of 17605 FOR the Target of 17665- 17694- 17718
If the Nifty futures share price Moves Below 17570 and is sustained. Then you should Sell with the 1st Target of 17545 the day with a Stop Loss of 17590. FOR the Target of 17545- 17515- 17485
Bank Nifty Futures Prediction for Tomorrow 11 Feb 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 39500 whereas All Down Moves Initiates Short Covering (Buy) @ 38900
Suppose the Bank Nifty futures Moves Above 39207 and sustain, then you should Buy with the 1st Target of 39318 during the day with a Stop Loss of 39070 the Target of 39318 – 39460 – 39535
If the Bank Nifty futures Moves Below 38900 and sustain, then you should Sell with the 1st Target of 38775 during the day with a Stop Loss of 39040. FOR the Target of 38775 – 38640 – 38430
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Global Stock Markets today
On the global front, the other Asian markets advanced on Thursday as traders made a position ahead of the release of US inflation data, expected later today. The other Asian markets battled to maintain the momentum and fluctuate throughout the day but gainers came out on top despite US inflation worries. Nikkei, Hang Seng, Shanghai all made decent gains on Thursday while SET Composite and Jakarta slipped.
European market indexes are trading slightly higher on Thursday as traders took a cautious stance ahead of the US inflation data to be released later today. Traders are cautious as the data will impact the interest rate hike decision next Fed meeting. The US futures markets indexes are trading mixed at this time at 5 pm IST. Dow future is trading marginally higher whereas Nasdaq future is trading marginally lower.
Conclusion
Indian markets gained with positive global cues and the dovish RBI Monetary policy that kept the policy rates on hold as expected. The markets cheered after the ultra dovish policy announced by the central bank today. The markets will now react to the US inflation data which is expected later today.
Also read: Best Options Trading Books in India-Must Read 2021
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
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