Nifty and Bank Nifty Prediction for Tomorrow 15 Dec 2022
Nifty and Bank Nifty Prediction for Tomorrow 15 Dec 2022: Indian equity market indexes ended with modest gains after a volatile session on Wednesday. The market sentiments were upbeat due to positive global cues and a decline in WPI inflation in November. However, some cautiousness was seen in the market in the second half ahead of the Fed outcome, which is expected later in the day.
Among the sectors, barring FMCG all other sectoral indices closed in the green today. The market breadth was positive today. The broader markets outperformed, as the Nifty mid and smallcap indexes gained 0.60 percent and 0.71 percent respectively. At the close, Sensex and Nifty pared some early gains but ended higher by 0.23 percent and 0.28 percent respectively. You can read detailed market updates here.
Nifty and Bank Nifty futures price movement for 14 Dec (Dec Expiry)
The Nifty futures price opened at 18775.55 making a positive opening of 71.7 points today. It has touched an intraday high of 18807.55 and a day’s low of 18720.05
The Nifty futures price has given a movement of 87.5 points today. In the end, it closed higher by 34.55 points or 0.18 percent and ended at 18738.40 levels.
The Bank Nifty futures opened at 44199.90 It made a positive opening of 128.9 points. The Bank Nifty futures touched an intraday high at 44248.55 and a day’s low at 44125.25
During the day, the Bank Nifty futures have given a movement of 123.3 points. In the end, it closed higher by 74 points or 0.17 percent and closed at 44145 levels.
Nifty & Bank Nifty Prediction for Tomorrow 15 Dec 2022 (Dec Expiry)
Nifty Futures Prediction for Tomorrow 15 Dec 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18900 whereas All Down Moves Initiates Short Covering (Buy) @ 18650
If the Nifty futures (Dec Series) share price Moves Above 18784 and sustains. Then you should Buy with the 1st Target of 18809 during the day with a Stop Loss of 18738 FOR the Target of 18809- 18847- 18890- 18930
If the Nifty futures (Dec Series) share price Moves Below 18695 and is sustained. Then you should Sell with the 1st Target of 18665 for the day with a Stop Loss of 18722. For the Target of 18665- 18627- 18585-18560
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Bank Nifty Futures Prediction for Tomorrow 15 Dec 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 44500 whereas All Down Moves Initiates Short Covering (Buy) @ 44000
Suppose the Bank Nifty futures (Dec Series) Moves Above 44285 and sustain, then you should Buy with the 1st Target of 44380 during the day with a Stop Loss of 44140 and the Target of 44380- 44500 – 44580- 44640
If the Bank Nifty futures (Dec Series) Moves Below 43980 and sustain, then you should Sell with the 1st Target of 43900 the day with a Stop Loss of 44090. For the Target of 43900- 43830- 43720- 43660
Global Stock Market Updates
On the global front, the other Asian market indexes closed mostly higher on Wednesday tracking the positive cues from Wall Street overnight. The cooler-than-expected inflation numbers from the US sparked hopes that the prices had peaked and central banks will now slow down the rate hike programs.
Japan’s Nikkei closed at a two-week higher, tracking Wall Street’s gains, Technology heavyweights led the gains. Shanghai and Hang Seng closed in the green, as Beijing finally began rolling back many of its strict and economically painful Covid curbs and following positive cues from the US markets.
European markets are trading lower, as investors’ attention turned to the US Federal Reserve interest rate decision, which is expected later in the day. The US future indexes, Dow Jones and Nasdaq futures are trading marginally lower at 5.30 pm IST.
Conclusion
Indian equity markets traded positively in the first half due to better-than-expected inflation data from the US. However, in the second half domestic markets traded in a tight range, as some cautiousness was seen ahead of the US Federal Reserve policy outcome, which is expected later in the day.
Tomorrow, the domestic markets will react to the US Central Bank’s decision first, traders should remain cautious. You can also follow our Daily Morning Report at 7.30 am for the market direction.
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