Nifty and Bank Nifty Prediction for Tomorrow 24 June 2022
Nifty and Bank Nifty Prediction for Tomorrow 24 June 2022: Indian equity markets opened higher on Thursday amid positive cues from the Asian markets. The markets gained in the morning deal as investors digested the comments from the US Fed’s Chair Jerome Powell on Central Bank’s aim to slow down inflation. The falling crude oil prices also supported the markets to trade higher.
The market breadth was strong today, barring Oil & Gas all other sectoral indices closed higher. The broader markets outperformed today, as Nifty midcap and smallcap indexes gained more than 1 percent each. In the end, the equity barometer closed on a strong note on the weekly expiry day. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for June 23 (June Expiry)
The Nifty futures price opened at 15431, making a positive opening of 27.6 points. It has touched an intraday high of 15629 and a day’s low of 15360
The Nifty futures price has given a movement of 269 points today. In the end, it closed higher by 188.35 points or 1.22 percent and ended at 15591.75 levels.
The Bank Nifty futures opened at 32894.95 It made a positive opening of 57 points. The Bank Nifty futures has touched an intraday high at 33444.85 and a day’s low at 32656.25
During the day, the Bank Nifty futures has given a movement of 788.6 points. In the end, it closed higher by 378.15 points or 1.15 percent and closed at 33216.10 levels.
Nifty & Bank Nifty Prediction for Tomorrow 24 June 2022 (June Expiry)
Nifty Futures Prediction for Tomorrow 24 June 2022
Primary Nifty Trend in futures: Positive with Cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15700 whereas All Down Moves Initiates Short Covering (Buy) @ 15450
If the Nifty futures share price Moves Above 15632 and sustain. Then you should Buy with 1st Target of 15662 during the day with a Stop Loss of 15595 FOR the Target of 15662- 15684- 15715- 15760
If the Nifty futures share price Moves Below 15545 and is sustained. Then you should Sell with the 1st Target of 15520 for the day with a Stop Loss of 15580. FOR the Target of 15520- 15485- 15460- 15418
If you want Live Trading calls for Nifty, Bank Nifty, Stocks Futures & Options, and Global/Domestic market happenings then join our Telegram Channel – https://t.me/nifty50stocks1
Bank Nifty Futures Prediction for Tomorrow 24 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) @ 33600 whereas All Down Moves Initiates Short Covering (Buy) @ 33000
Suppose the Bank Nifty futures Moves Above 33350 and sustain, then you should Buy with the 1st Target of 33435 during the day with a Stop Loss of 33220 the Target of 33435- 33550- 33670- 33780
If the Bank Nifty futures Moves Below 32965 and sustain, then you should Sell with the 1st Target of 32850 the day with a Stop Loss of 33130. FOR the Target of 32850 – 32765 – 32635 – 32502
Global Stock Markets Today
On the global front, the other Asian markets mostly closed in the green on Thursday. Investors’ concerns grew as US Fed Chair Jerome Powell acknowledged the risk of recession in his testimony to the Senate on Wednesday. Shanghai and Hang Seng rose on Thursday as Chinese Tech companies and Automakers jumped on Beijing’s policy support. Nikkei also closed higher as Gas & Water, Pharma, and Transportation stocks supported the markets.
European markets trimmed their early losses and are trading mixed at this moment at 5 pm IST. The latest data showed that there is a slowdown in the business activity of the two Eurozone’s largest economies, Germany and France, at the end of the second quarter, this has triggered fresh concerns about an economic slowdown in the region. The US future Indexes, Dow Jones and Nasdaq futures are trading higher at this time.
Conclusion
Indian stock markets indexes gained on Thursday despite weak cues from Wall Street overnight. Markets recovered from the early afternoon selloff on account of buying in all sectors barring oil & gas. Going ahead, markets will remain volatile and mostly depend on global cues. Traders should trade with strict stop loss and keep updated about the global markets.
Also read: Best Options Trading Books in India-Must Read 2021
Tradingview India Review 2022- You Must Read
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow 24 June 2022″ please share it with your friends and others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com advises its users to check with certified and SEBI registered experts before taking 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.
