Nifty and Bank Nifty Prediction for Tomorrow 25 July 2023: Indian equity benchmarks ended a volatile session with significant losses on Monday. The domestic markets declined for the second consecutive day amid mixed global cues.
The selling pressure in ITC, Kotak Bank, and Reliance drag the domestic markets. Among the sectors, the Nifty FMCG, Metal, and Oil & Gas fell the most while Pharma, Healthcare, and Realty advanced. The market breadth was slightly negative on Monday.
The broader markets ended mixed, as the Nifty midcap declined by 0.15 percent while smallcap index ended higher by 0.37 percent. In the end, the Sensex and Nifty closed near the day’s low. Sensex fell 299.48 points or 0.45 percent at 66384.78 Nifty was down by 72.65 points or 0.37 percent at 19672.35. You can read the detailed market updates here
Nifty and Bank Nifty futures price movement for (27 July expiry)
The Nifty futures price opened at 19771.80, making a flat to the negative opening of 4.6 points on Monday. It has touched an intraday high of 19808 and a day’s low of 19680
The Nifty futures price has given a movement of 128 points. In the end, it closed lower by 94.80 points or 0.48 percent and ended at 19681.60 levels.
The Bank Nifty futures opened at 46099 It also made a flat to negative opening of 9.05 points. The Bank Nifty futures touched an intraday high at 46222 and a day’s low at 45863.40
During the day, the Bank Nifty futures have given a movement of 358.6 points. In the end, it declined 119.75 points or 0.26 percent and closed at 44988.30 levels.
Nifty & Bank Nifty Prediction for Tomorrow 25 July 2023
Nifty Futures Prediction for Tomorrow 25 July 2023
Primary Trend in Nifty Futures: Mild Negative
Range-Bound Trend of Nifty Futures: All up Moves can Initiates Profit Booking @ 19750 whereas All Down Moves can Initiate Short Covering @ 19600
If Nifty futures for the July series Moves Above 19718 and sustains. Then Nifty futures can hit a 1st Target of 19744 during the day with a Stop Loss of 19695. In a day it could trade for the target of 19744- 19770- 19805 levels.
If the Nifty futures (July Series) share price Moves Below 19645 and is sustained. Then Nifty futures can see a 1st Target of 19613 levels for the day with a Stop Loss of 19670 In a day it could trade for the target of 19613- 19580 – 19545 level.
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Bank Nifty Futures Prediction for Tomorrow 25 July 2023
Primary Trend in Bank Nifty Futures- Mild Positive
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 46200 whereas All Down Moves can Initiate Short Covering @ 45750
Suppose the July series Bank Nifty futures Moves Above 46060 and sustain, then you could see a 1st Target of 46130 during the day with a Stop Loss of 45980. During the day Bank Nifty futures could trade for the target of 46130- 46220- 46300
If the Bank Nifty futures (July Series) Moves Below 45840 and sustain, then you could see a 1st Target of 45760 levels in a day with a Stop Loss of 45930. During the day Bank Nifty futures could trade for the target of 45760- 45680- 45600
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Global Stock Market Updates
Asian stock market indexes closed mixed on Monday, as investors digested the flash PMI data released today. Traders are now looking ahead to another round of the central bank’s monetary policy tightening and big corporate quarterly earnings, lined up this week amid concern about slow recovery in China.
Nikkei snapped a three-day losing streak and closed higher due to a rally in auto stocks amid a weaker yen, Chip-related stocks also rallied following their peers in the US on Friday. Kospi closed higher while Shanghai traded volatile and ended below the neutral line. Hang Seng fell the most in the region and ended lower by over 2% due to drag in real estate and tech stocks.
European stock markets opened the week on a flat note, as investors are cautious ahead of the Central Bank’s Interest rate decision later this week and big corporate earnings. The major indexes are trading slightly lower as eurozone business output fell at the fastest rate for eight months in July, according to the latest flash PMI survey data.
The US future index, Dow, and Nasdaq futures are trading slightly higher at 5 pm IST indicating a slightly higher opening for the US markets today.
Conclusion
Indian stock markets traded volatile in a narrow range and closed near the day’s low. The recent volatility was due to the setback in the first quarterly earnings of the IT and FMCG counter. The market volatility is likely to increase in the coming days due to upcoming central banks meetings, F&O expiry, and quarterly earnings. You can follow our Daily Morning Report at 7.30 am for market direction.
Also, read Best Options Trading Books in India-Must Read 2022
Stock Market Prediction Next Week (24- 28 July 2023)
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