Nifty | Bank Nifty Prediction for Tomorrow 16 Feb 2022
Nifty & Bank Nifty Prediction for Tomorrow 16 Feb 2022: It was a positive start for the Indian stock markets on Tuesday after a heavy selloff in the previous session. Indian markets were trading marginally higher in the morning deal. Indian market indexes made a solid rally after the news flashed in the afternoon session that Russian troops returning back to their bases. The global markets rebound after the positive news.
The key benchmark indices, Sensex and Nifty gained more than 3 percent in the end. The broader markets also rallied in line with their larger peers. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 15 February (Feb Expiry)
The Nifty futures price opened at 16894, making a positive opening of 56.15 points. It has touched an intraday high of 17382.90 and a day’s low at 16837
The Nifty futures price has given a movement of 545.90 points today. In the end, it gained 527.15 points or 3.13 percent and ended at 17365 levels.
The Bank Nifty futures opened at 36990, It made a positive opening of 69.85 points. The Bank Nifty futures has touched an intraday high at 38240 and a day’s low at 36646.90
During the day, the Bank Nifty futures has given a movement of 1593.1 points. In the end, it closed lower by 1279.85 points or 3.47 percent and closed at 38200 levels.
Nifty & Bank Nifty Prediction for Tomorrow 16 Feb 2022 (Feb Expiry)
Nifty Futures Prediction for 16 Feb 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17500 whereas All Down Moves Initiates Short Covering (Buy) @ 17300
If the Nifty futures share price Moves Above 17398 and sustain. Then you should Buy with 1st Target of 17436 during the day with a Stop Loss of 17349 FOR the Target of 17436- 17485- 17515
If the Nifty futures share price Moves Below 17285 and is sustained. Then you should Sell with the 1st Target of 17237 the day with a Stop Loss of 17318. FOR the Target of 17237- 17212- 17165
Bank Nifty Futures Prediction for 16 Feb 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38800 whereas All Down Moves Initiates Short Covering (Buy) @ 37900
Suppose the Bank Nifty futures Moves Above 38425 and sustain, then you should Buy with the 1st Target of 38580 during the day with a Stop Loss of 38320 the Target of 38580 – 38730 – 38904
If the Bank Nifty futures Moves Below 37070 and sustain, then you should Sell with the 1st Target of 37940 during the day with a Stop Loss of 37220. FOR the Target of 37940 – 37780 – 37700
Global Stock Markets today
On the global front, the other Asian stock markets closed mixed on Tuesday as the positive news from Ukraine came after most of the Asian markets closed. Shanghai closed higher as China’s Central bank (PBOC) injected funds through medium-term loans into the financial system on Tuesday while keeping the interest rate unchanged.
European market indexes are trading higher after yesterday’s sell-off as investors hoped diplomatic moves would help avert a Russian invasion of Ukraine. The US future indexes, Dow and Nasdaq futures are trading higher at this moment at 5 pm IST.
Conclusion
After two days of heavy selling, Indian markets bounced back as geopolitical tension eased. Indian markets rebound despite the elevated inflation rate released yesterday. However, going ahead, inflation above RBI comfort zone, US interest rate hike, and geopolitical tension will be the key concerns for the market and will be the reasons for market volatility.
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