Nifty | Bank Nifty Prediction for Tomorrow 15 March 2022
Nifty and Bank Nifty Prediction for Tomorrow 15 March 2022: The Indian equity markets made a flat to the positive opening on Monday amid mixed cues from the Asian market peers. The benchmark indices traded in the green throughout the day, led by gains in Banking and Financials and IT stocks.
The Nifty midcap and smallcap indexes also closed in the green today. In the end, the key indices extended their early gains and closed on a strong note today. For detailed market updates, you can click here to read.
Nifty and Nifty Bank futures price movement for 14 March (March Expiry)
The Nifty futures price opened at 16624.95, making a slightly negative opening of 22.8 points. It has touched an intraday high of 16912.60 and a day’s low of 16610.15
The Nifty futures price has given a movement of 302.45 points today. In the end, it closed higher by 261.25 points or 1.57 percent and ended at 16909 levels.
The Bank Nifty futures opened at 34615.05, It made a slightly positive opening of 19.3 points. The Bank Nifty futures has touched an intraday high at 35464.95 and a day’s low at 34615.05
During the day, the Bank Nifty futures has given a movement of 849.9 points. In the end, it closed higher by 795.25 points or 2.30 percent and closed at 35391 levels.
Nifty & Bank Nifty Prediction for Tomorrow 15 March 2022 (March Expiry)
Nifty Futures Prediction for tomorrow 15 March 2022
Primary Nifty Trend in futures: Positive with cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17100 whereas All Down Moves Initiates Short Covering (Buy) @ 16800
If the Nifty futures share price Moves Above 16980 and sustain. Then you should Buy with 1st Target of 17009 during the day with a Stop Loss of 16945 FOR the Target of 17009- 17054- 17091- 17128
If the Nifty futures share price Moves Below 16824 and is sustained. Then you should Sell with the 1st Target of 16770 for the day with a Stop Loss of 16885. FOR the Target of 16770-16735- 16702- 16675
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Bank Nifty Futures Prediction for Tomorrow 15 March 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) @ 35950 whereas All Down Moves Initiates Short Covering (Buy) @ 35100
Suppose the Bank Nifty futures Moves Above 35515 and sustain, then you should Buy with the 1st Target of 35728 during the day with a Stop Loss of 35340 the Target of 35728 – 35820- 35950- 36130
If the Bank Nifty futures Moves Below 35220 and sustain, then you should Sell with the 1st Target of 35090 the day with a Stop Loss of 35300. FOR the Target of 35090 – 34990 – 34845- 34675
Global Stock Markets today
On the global front, the other Asian market indexes closed mixed on Monday. Hang Seng and Shanghai were fell sharply by 4.97 percent and 2.61 percent respectively due to the rapid spread of covid cases in the region. Market sentiments were subdued and heavy selling was witnessed in consumer products and travel-related shares in China. Investors worried about slow growth in China, as the data showed new bank lending fell more than expected in February while broad credit growth slowed.
European markets started the week on a positive note as investors are in hopes that peace talks will find a diplomatic solution in the Ukraine war, despite repeated Russian shelling of several cities in Ukraine. US future indexes, Dow and Nasdaq futures are trading in the green at 5 pm IST.
Conclusion
It was an optimistic start for the Indian stock markets on Monday. Indian markets gained for the five consecutive days in a row. After starting on a flat note markets witnessed heavy buying in the IT, Banking, and Financial stocks today. Markets are looking positive at this moment, and the next hurdle for Nifty is 17000-17100 levels.
Going ahead, tomorrow the local markets will first react to the CPI inflation data and will trade as per the development of geopolitical tension.
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