Nifty | Bank Nifty Prediction for Tomorrow, 14 Jan 2022
Nifty and Bank Nifty Prediction for Tomorrow, 14 Jan 2022: Indian equity market indices opened higher on Thursday as indicated by the SGX Nifty in the morning. The key benchmark indices erased their early gains after a few minutes of trading and swung near their neutral lines throughout the day. The sectors like metal, pharma, and energy tried to lift the indices whereas banking, realty, and financial services traded negatively today.
The broader markets outperformed the benchmark indices, as Nifty midcap and smallcap indices gained more than 0.50 higher. In the end, Sensex and Nifty closed almost flat on the weekly expiry day. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 13 Jan (Jan Expiry)
The Nifty futures price opened at 18266, making a positive opening of 24.8 points. It has touched an intraday high at 18303.40 and a day’s low at 18197.15
The Nifty futures price has given a movement of 106.25 points today. In the end, it gained 48.40 points or 0.27 percent and ended at 18289.60 levels.
The Bank Nifty futures opened at 38898, It made a positive opening of 33.3 points today. It has touched an intraday high at 38898 and a day’s low at 38502
During the day, the Bank Nifty futures has given a movement of 396 points. In the end, it closed lower by 287.70 points or 0.74 percent and closed at 38577 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 14 Jan 2022 (Jan Expiry)
Nifty Futures prediction for Tomorrow, 14 Jan 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18370 whereas All Down Moves Initiates Short Covering (Buy) @ 18200
If the Nifty futures share price Moves Above 18310 and sustain. Then you should Buy with 1st Target of 18332 during the day with a Stop Loss of 18285 FOR the Target of 18332- 18351- 18374
If the Nifty futures share price Moves Below 18258 and is sustained. Then you should Sell with the 1st Target of 18218 during the day with a Stop Loss of 18274. FOR the Target of 18218- 18186- 18160
Bank Nifty Futures prediction for Tomorrow, 14 Jan 2022
Primary Trend of Bank Nifty Futures: Mild Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38800 whereas All Down Moves Initiates Short Covering (Buy) @ 38150
Suppose the Bank Nifty futures Moves Above 38650 and sustain, then you should Buy with the 1st Target of 38830 during the day with a Stop Loss of 38570 the Target of 38830 – 38915 – 39040
If the Bank Nifty futures Moves Below 38515 and sustain, then you should Sell with the 1st Target of 38425 during the day with a Stop Loss of 38556. FOR the Target of 38425 – 38305 – 38160
Global markets today
On the global front, Asian markets closed mixed on Thursday as global investors assessed that the high US inflation data was not worrying enough to change the federal Reserve’s already hawkish rate outlook.
European markets are trading marginally lower as the focus now shifted the inflation to rising omicron cases and its restrictions to curb the infections. The US futures, Dow, and Nasdaq futures are trading almost flat at 3.30 pm IST.
Conclusions
Indian stock markets finished slightly higher today on the back of buying in metals and pharma sectors. Indian markets opened higher despite mixed cues from the Asian market peers as US inflation rose 7% in December. Markets then turned negative after a few minutes of trading and later traded almost flat to the positive zone. Technically, Indian markets are looking positive as Nifty is holding 18200 level is a positive sign for the markets.
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