Nifty and Bank Nifty Prediction for Tomorrow, 13 Jan 2022
Nifty and Bank Nifty Prediction for Tomorrow, 13 Jan 2022: Indian equity market indices opened higher on Wednesday tracking positive cues from the US markets overnight. The markets extended their gains for the fourth consecutive trading session today, on the back of buying in Realty, Energy, and Auto stocks.
The broader markets also gained today, as Nifty midcap and smallcap indexes gained around one percent today. In the end, the key benchmark indices, Sensex and Nifty closed on a strong note today. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 12 Jan (Jan Expiry)
The Nifty futures price opened at 18199, making a positive opening of 115.45 points. It has touched an intraday high at 18254.90 and a day’s low at 18165.50
The Nifty futures price has given a movement of 89.4 points today. In the end, it gained 143.45 points or 0.79 percent and ended at 18227 levels.
The Bank Nifty futures opened at 38800, It made a positive opening of 252 points today. It has touched an intraday high at 38957 and a day’s low at 38721
During the day, the Bank Nifty futures has given a movement of 236 points. In the end, it closed higher by 282 points or 0.73 percent and closed at 38830 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 13 Jan 2022 (Jan Expiry)
Nifty Futures prediction for Tomorrow, 13 Jan 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18300 whereas All Down Moves Initiates Short Covering (Buy) @ 18150
If the Nifty futures share price Moves Above 18256 and sustain. Then you should Buy with 1st Target of 18278 during the day with a Stop Loss of 18232 FOR the Target of 18278- 18309- 18340
If the Nifty futures share price Moves Below 18198 and is sustained. Then you should Sell with the 1st Target of 18170 during the day with a Stop Loss of 18218. FOR the Target of 18170- 18145- 18115
Bank Nifty Futures prediction for Tomorrow, 12 Jan 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 39200 whereas All Down Moves Initiates Short Covering (Buy) @ 38700
Suppose the Bank Nifty futures Moves Above 38920 and sustain, then you should Buy with the 1st Target of 39040 during the day with a Stop Loss of 38870 the Target of 39040 – 39115 – 39230
If the Bank Nifty futures Moves Below 38760 and sustain, then you should Sell with the 1st Target of 38670 during the day with a Stop Loss of 38830. FOR the Target of 38670 – 38555 – 37425
Global stock markets today
On the global front, Asian markets closed higher on Wednesday. The Asian market indexes opened positive following the positive cues from Wall Street overnight after less-hawkish comments from US Federal Reserve Chairman, Jerome Powell for interest rate hikes and to control inflation. The market sentiments got further boosted with the news of an inflation slowdown in China.
European markets are trading in the green following the positive cues of Wall Street and Asian markets. The upside of the markets is capped as investors are cautious ahead of the US inflation data which is expected later today. The US future indexes, Dow and Nasdaq futures are trading almost flat at 3.30 pm IST
Conclusions
Indian stock markets gained for the fourth consecutive day in a row on positive global cues. Global markets were positive today as traders reacted positively to US Federal Reserve Chairman Jerome Powells testimony. The market sentiments were also positive due to the Institutional buying as both FIIs and DIIs were buyers on Tuesday.
Going ahead, tomorrow markets will first react to the CPI and IIP data which are expected at 5.30 pm IST today. The US inflation data is also expected tonight. Traders should remain cautious and trade with strict stop loss as Indian markets may remain volatile tomorrow.
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