Nifty and Bank Nifty Prediction for Tomorrow 15 June 2023
Nifty and Bank Nifty Prediction for Tomorrow 15 June 2023: Indian equity market indexes ended the volatile session slightly higher on Wednesday. The domestic markets gained for the third straight session due to positive global cues and as the WPI inflation eased seven and half year low in May. Among the sectors, buying was seen in the Metal, Oil & Gas, and FMCG sectors, while some selling pressure was witnessed in Media, Financial, and Banking stocks.
Traders were cautious ahead of the US Fed’s interest rate decision, which is due later in the day. The market breadth was positive. The broader markets also gained in line with their larger peers. At the close, Sensex and Nifty advanced 0.14 percent and 0.21 percent respectively. You can read the detailed market updates here.
Nifty and Bank Nifty futures price movement for 14 June
The Nifty futures price opened at 18750.05, making a lower opening of 26.8 points. It has touched an intraday high of 18832 and a day’s low of 18750.05
The Nifty futures price has given a movement of 81.95 points. In the end, it closed higher by 34.15 points or 0.18 percent and ended at 18811 levels.
The Bank Nifty futures opened at 44310.10 It made a positive opening of 93.45 points. The Bank Nifty futures touched an intraday high at 44310.10 and a day’s low at 44055
During the day, the Bank Nifty futures have given a movement of 255.10 points. In the end, it closed lower by 86.65 points or 0.20 percent and closed at 44130 levels.
Nifty & Bank Nifty Prediction for Tomorrow 15 June 2023
Nifty Futures Prediction for Tomorrow 15 June 2023
Primary Trend in Nifty Futures: Positive and volatile
Range-Bound Trend of Nifty Futures: All up Moves can Initiates Profit Booking @ 18900 whereas All Down Moves can Initiate Short Covering @ 18700
If the Nifty futures Moves Above 18838 and sustains. Then Nifty futures can hit a 1st Target of 18882 during the day with a Stop Loss of 18805. In a day it could trade for the target of 18882- 18927- 18954 levels.
If the Nifty futures (June Series) share price Moves Below 18750 and is sustained. Then Nifty futures can see a 1st Target of 18715 levels for the day with a Stop Loss of 18780 In a day it could trade for the target of 18715- 18680 – 18655 levels.
If you want Live trading views 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 15 June 2023
Primary Trend in Bank Nifty Futures: Sideways and volatile ( expecting breakout soon)
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44500 whereas All Down Moves can Initiate Short Covering @ 44100
Suppose the Bank Nifty futures Moves Above 44250 and sustain, then you could see a 1st Target of 44320 during the day with a Stop Loss of 44150. During the day Bank Nifty futures could trade for the target of 44320- 44415- 44525
If the Bank Nifty futures (June Series) Moves Below 44020 and sustain, then you could see a 1st Target of 43950 levels in a day with a Stop Loss of 44110. During the day Bank Nifty futures could trade for the target of 43950- 43860- 43750
Did you know that with Upstox Options Strategy Builder, you can create an option strategy? You can also try the ready-made options strategy absolutely Free. Click here to Open Free Trading and Demat Account and get Life Time Demat AMC Free and Rs 20 flat Brokerage.
Global Stock Market Updates
Asian stock market indexes mostly pared early gains and closed mixed on Wednesday. Investors remain cautious and stayed on the sideline ahead of the US Fed interest rate decision later in the day. China’s slow economic recovery and the chances of more stimulus measures from Beijing also distracted investors.
Japan’s Nikkei closed higher for the fifth straight session to its highest in 33 years. South Korea’s Kospi index declined, even after its unemployment rate fell to a record low. Shanghai ended lower, while Hang Seng seesawed in a narrow range, as investors anticipated more rate cuts and policy stimulus to support the country’s economic recovery.
European stock market indexes are trading higher ahead of the US Fed interest rate decision later in the day and European Central Bank (ECB) monetary policy on Thursday. The US future indexes are trading mixed, Dow is slightly lower while the Nasdaq Future is trading slightly higher.
Conclusion
Indian stock markets closed slightly higher on Wednesday with the support of positive global cues and ease in WPI numbers. Traders remain cautious ahead of the US Fed interest rate decision. Tomorrow, the domestic markets will open as per global cues and will trade volatile due to the expiry of weekly index options. You can follow our Daily Morning Report at 7.30 am for market direction.
Also, read Best Options Trading Books in India-Must Read 2022
Stock Market Prediction Next week 12-16 June 2023
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow 15 June 2023” please share it with 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.
