Nifty and Bank Nifty Prediction for Tomorrow, 22 Nov 2023
Nifty and Bank Nifty Prediction for Tomorrow, 22 Nov 2023: Indian equity benchmarks ended with modest gains on Tuesday, snapping a two-day losing streak. The key indexes opened higher tracking gains from Wall Street overnight and traded positively throughout the day on the back of buying in the Metal, Realty, and Media sectors.
However, markets witnessed some selling pressure in the PSU Bank, IT, and FMCG space on Tuesday. The market breadth was positive, on the NSE 1389 shares were advanced while 1083 shares declined.
The broader markets closed mixed today, as the Nifty midcap ended slightly higher by 0.06% while the Nifty smallcap index closed marginally lower by 0.11%. At the close, Sensex and Nifty ended higher by 0.42% and 0.45% respectively. You can read the detailed market updates here.
Nifty and Bank Nifty Futures Price Movement for (30 Nov expiry)
The Nifty futures price opened at 19809.95, making a positive opening of 58.75 points on Tuesday. It has touched an intraday high of 19898 and a day’s low of 19801
The Nifty futures price has given a movement of 97 points. In the end, Nifty futures closed higher by 89.25 points or 0.45 percent and ended at 19840.45 levels.
The Bank Nifty futures opened at 43840. It made a positive opening of 97.85 points. The Bank Nifty futures touched an intraday high at 43897.45 and a day’s low at 43655.25
During the day, the Bank Nifty futures have given a movement of 242.2 points. In the end, Bank Nifty Futures closed higher by 57.85 points or 0.13 percent and settled at 43800 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 22 Nov 2023
Nifty Futures Prediction for Tomorrow, 22 Nov 2023
Primary Trend in Nifty Futures: Positive
Range-Bound Trend: All up Moves can initiate profit Booking @ 19930 whereas All Down Moves can Initiate Short Covering @ 19800
If the Nifty futures for the November Series move above 19865 and sustain. Then It can trade in a range of 19892- 19927- 19974 levels during the day, with a stop loss of 19840.
If the Nifty futures share price moves below 19802 and is sustained. Then it can trade in a range of 19780 – 19758- 19730 levels during the day with a stop loss of 19822.
If you want Live Market Updates, Views for Nifty & Bank Nifty, Stocks, and Global/Domestic market happenings then join our WhatsApp Channel here or our Telegram Channel – https://t.me/nifty50stocks1
Bank Nifty Futures Prediction for Tomorrow, 22 Nov 2023
Primary Trend in Bank Nifty Futures- Mild Negative
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44100 whereas All Down Moves can Initiate Short Covering @ 43700
Suppose the November series Bank Nifty futures move above 43855 and sustain, then it can trade in the range of 43930- 44020- 44130 levels during the day, with a stop loss of 43770.
If the Bank Nifty futures (Nov Series) move below 43640 and sustain, then the index can trade in the range of 43560- 43485- 43410 levels during the day, with a stop loss of 43710.
With Upstox Options Strategy Builder, you can create an option strategy. You can also try the ready-made options strategy Free at Upstox. Click here to Open a Free Trading and Demat Account and get a lifetime Demat AMC Free and Rs 20 flat Brokerage.
Conclusion
Indian stock market indexes traded sideways after opening higher on Tuesday. The key indices opened higher tracking the gains from US markets, however, the upside remained capped due to mixed cues from Asian markets and ahead of the US FOMC minutes of the last meeting, which is due later in the day. Going ahead, tomorrow Indian markets will open as per global cues, you can also follow our Daily Morning Report at 7:30 a.m. for market direction.
Also, read Stock Market Prediction Next Week (20 – 24 Nov 2023)
Tradingview India Review 2022- You Must Read
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow, 22 Nov 2023” please share it with others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution in compiling the data for its Website. The views and investment tips expressed here are by third-party experts and are for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com advises its users to check with certified and SEBI-registered experts before making 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.
