Nifty and Bank Nifty Prediction for Tomorrow 19 April 2022
Nifty and Bank Nifty Prediction for Tomorrow 19 April 2022: It was a negative start for the Indian equity markets on Monday amid weak Asian market cues. The market traded negatively due to rising covid cases in Delhi, and the NCR region. The sentiments were also downbeat as the quarterly results were below market expectation and WPI inflation in March increased to a record high level.
Heavy selling pressure was witnessed in the IT, Financial, and Banking sectors today. The broader markets also closed in the deep red today. You can read the detailed market updates here.
Nifty and Nifty Bank futures price movement for 18 April (April Expiry)
The Nifty futures price opened at 17221.15, making a negative opening of 298.1 points. It has touched an intraday high of 17286.70 and a day’s low of 17109.95
The Nifty futures price has given a movement of 176.75 points today. In the end, it closed lower by 275.30 points or 1.57 percent and ended at 17243.95 levels.
The Bank Nifty futures opened at 36900.30, It made a negative opening of 676.2 points. The Bank Nifty futures has touched an intraday high at 37084.25 and a day’s low at 36555.55.
During the day, the Bank Nifty futures has given a movement of 528.7 points. In the end, it closed higher by 655.45 points or 1.74 percent and closed at 36921.05 levels.
Nifty & Bank Nifty Prediction for Tomorrow 19 April 2022 (April Expiry)
Nifty Futures Prediction for Tomorrow 19 April 2022
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17350 whereas All Down Moves Initiates Short Covering (Buy) @ 17100
If the Nifty futures share price Moves Above 17315 and sustain. Then you should Buy with 1st Target of 17364 during the day with a Stop Loss of 17280 FOR the Target of 17364- 17395 – 17415- 17456
If the Nifty futures share price Moves Below 17230 and is sustained. Then you should Sell with the 1st Target of 17204 for the day with a Stop Loss of 17256. FOR the Target of 17204-17160- 17123- 17056
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Bank Nifty Futures Prediction for Tomorrow 19 April 2022
Primary Trend of Bank Nifty Futures: Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37300 whereas All Down Moves Initiates Short Covering (Buy) @ 36750
Suppose the Bank Nifty futures Moves Above 37120 and sustain, then you should Buy with the 1st Target of 37290 during the day with a Stop Loss of 36990 the Target of 37290- 37415- 37530- 37670
If the Bank Nifty futures Moves Below 36760 and sustain, then you should Sell with the 1st Target of 36685 the day with a Stop Loss of 36920. FOR the Target of 36685 – 36556 – 36470- 36385
Global Stock Markets today
On the global front, Asian markets closed lower on Monday despite the latest data released that China’s economy grew faster than expected in the first quarter. While data released for the month of March showed weakness in consumption, property, exports, and employment affected by the lockdowns in Shanghai and major cities. Hang Seng was closed today due to a public holiday.
European markets are also closed to observe Easter Monday today. The US future indexes, Dow Jones and Nasdaq futures are trading marginally lower today.
Conclusion
After a long weekend, the Indian markets witnessed heavy selling pressure on Monday due to below estimated quarterly results, weak Asian market cues, and surges in covid cases. Going ahead, the market may remain volatile during the week as the fresh covid cases are increasing in the country.
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