Nifty and Bank Nifty Prediction for Tomorrow 22 June 2022
Nifty and Bank Nifty Prediction for Tomorrow 22 June 2022: Indian equity markets opened higher amid positive cues from the other Asian market peers. The markets extended their early gains on the back of buying across all sectors led by Oil & Gas, Media, PSU Bank, and Metals. The market sentiments were upbeat as investors preferred to bet on recently beaten-down blue-chip stocks like Titan, HCL Tech, and SBI.
The broader markets outperformed the benchmark, as Nifty mid and small-cap indexes gained more than 3 percent today. In the end, Sensex and Nifty closed above their psychological levels. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for June 21 (June Expiry)
The Nifty futures price opened at 15440, making a positive opening of 92.35 points. It has touched an intraday high of 15716.75 and a day’s low of 15434.95
The Nifty futures price has given a movement of 281.8 points today. In the end, it closed higher by 285.75 points or 1.86 percent and ended at 15633.40 levels.
The Bank Nifty futures opened at 32956 It made a negative opening of 239.65 points. The Bank Nifty futures has touched an intraday high at 33641.15 and a day’s low at 32841.60
During the day, the Bank Nifty futures has given a movement of 799.55 points. In the end, it closed higher by 521.70 points or 1.59 percent and closed at 33238.05 levels.
Nifty & Bank Nifty Prediction for Tomorrow 22 June 2022 ( June Expiry)
Nifty Futures Prediction for Tomorrow 22 June 2022
Primary Nifty Trend in futures: Positive with Cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15800 whereas All Down Moves Initiates Short Covering (Buy) @ 15500
If the Nifty futures share price Moves Above 15680 and sustain. Then you should Buy with 1st Target of 15716 during the day with a Stop Loss of 15627 FOR the Target of 15716- 15765- 15802- 15867
If the Nifty futures share price Moves Below 15550 and is sustained. Then you should Sell with the 1st Target of 15480 for the day with a Stop Loss of 15595. FOR the Target of 15480- 15424- 15395- 15365
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Bank Nifty Futures Prediction for Tomorrow 22 June 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) @ 33700 whereas All Down Moves Initiates Short Covering (Buy) @ 33000
Suppose the Bank Nifty futures Moves Above 33455 and sustain, then you should Buy with the 1st Target of 33560 during the day with a Stop Loss of 33280 the Target of 33560- 33640- 33765- 33840
If the Bank Nifty futures Moves Below 33160 and sustain, then you should Sell with the 1st Target of 33020 the day with a Stop Loss of 33240. FOR the Target of 33020 – 32955 – 32810 – 32715
Global Stock Markets today
On the global front, the other Asian market indexes mostly closed higher on Tuesday with Japanese markets leading the charge, as investors digested the minutes from the Reserve Bank of Australia’s most recent meeting. Investors took a breadth on Tuesday after last week’s sharp selloff, Nikkei and Hang Seng recovered most of their recent losses.
European markets continued to rally on Tuesday taking positive cues from the Asian markets. The US future indexes, Dow, and Nasdaq futures are trading higher at this time at 5.30 pm IST.
Conclusion
Indian markets closed higher consecutively for the second straight day with the support of positive Asian market cues and the absence of any negative trigger. Technically markets are looking positive at this moment. Going ahead, the US Fed Chair Jerome Powell’s testimony due later this week will set the market direction.
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