Nifty and Bank Nifty Prediction for Tomorrow 12 July 2022
Nifty and Bank Nifty Prediction for Tomorrow 12 July 2022: It was a negative start for the Indian equity marks today tracking the weakness of Asian peers. Indian benchmark indices traded in a narrow range in the first half and later erased most of their losses on the back of buying in Metals, Energy, and PSU Bank stocks.
The broader markets outperformed today, as Nifty mid and smallcap indexes gained nearly 1 percent. In the end, markets closed flat to the negative, Sensex and Nifty were down by 0.16 percent and 0.03 percent respectively. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 11 July (July Expiry)
The Nifty futures price opened at 16152, making a negative opening of 73.2 points. It has touched an intraday high of 16253.20 and a day’s low of 16106.45
The Nifty futures price has given a movement of 146.75 points today. In the end, it closed lower by 36.20 points or 0.22 percent and ended at 16189 levels.
The Bank Nifty futures opened at 35075 It made a negative opening of 98.7 points. The Bank Nifty futures has touched an intraday high at 35599.45 and a day’s low at 35050
During the day, the Bank Nifty futures has given a movement of 549.45 points. In the end, it closed higher by 306.30 points or 0.87 percent and closed at 35480 levels.
Nifty & Bank Nifty Prediction for Tomorrow 12 July 2022 (July Expiry)
Nifty Futures Prediction for Tomorrow 12 July 2022
Primary Nifty Trend in futures: Positive with Cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 16300 whereas All Down Moves Initiates Short Covering (Buy) @ 16050
If the Nifty futures share price Moves Above 16232 and sustain. Then you should Buy with 1st Target of 16256 during the day with a Stop Loss of 16205 FOR the Target of 16256- 16294- 16318- 16354
If the Nifty futures share price Moves Below 16170 and is sustained. Then you should Sell with the 1st Target of 16137 for the day with a Stop Loss of 16195. FOR the Target of 16137- 16104- 16080- 16050
If you want Live Trading calls for Nifty, Bank Nifty, Stocks Futures & Options, and Global/Domestic market happenings then join our Telegram Channel – https://t.me/nifty50stocks1
Bank Nifty Futures Prediction for Tomorrow 12 July 2022
Primary Trend of Bank Nifty Futures: Positive with Cautious bias
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35800 whereas All Down Moves Initiates Short Covering (Buy) @ 35300
Suppose the Bank Nifty futures Moves Above 35615 and sustain, then you should Buy with the 1st Target of 35712 during the day with a Stop Loss of 35470 and the Target of 35712- 35800 35880- 36020
If the Bank Nifty futures Moves Below 35325 and sustain, then you should Sell with the 1st Target of 35235 the day with a Stop Loss of 35435. FOR the Target of 35235 – 35156 – 35040 – 34900
Global Stock Markets Today
On the global front, the other Asian markets were mostly closed in the red on Monday as fears over the global outlook deepened. China’s stock market index fell due to the fresh surges in Covid cases and after Beijing’s regulators started targeting tech giants Alibaba and Tencent. Hang Seng’s tech index also plunged 3.9 percent today. Japan’s Nikkei gained as the country’s political mood lifted the market sentiments.
European markets are trading in the red on Monday following their Asian peers. The sentiments were downbeat as more covid cases were found in China. The US future indexes, Dow, and Nasdaq futures are trading in the red at this moment at 5 pm IST.
Conclusion
The Indian stock market indexes recovered from the day’s low but closed marginally lower amid volatility. The IT major TCS reacted negatively after the Q1FY23 earnings, as it missed analysts’ expectations. Going ahead, India’s June inflation data is due tomorrow, data will be announced post-market hours and is expected to remain in line with May’s inflation data.
Also read: Best Options Trading Books in India-Must Read 2021
Tradingview India Review 2022- You Must Read
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow 12 July 2022″ please share it with your friends and others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com does not guarantee the accuracy, adequacy, or completeness of any information. Nifty50stocks.com is not responsible for any errors or omissions or the results obtained from the use of such information. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
