Nifty and Bank Nifty Prediction Tomorrow 26 July 2022
Nifty and Bank Nifty Prediction for Tomorrow 26 July 2022: Indian equity markets opened lower on Monday amid weak global cues. The domestic markets dragged as the index heavyweight Reliance fell more than 3% after its quarterly results missed street estimates. Some cautiousness was also seen ahead of the Fed policy meeting outcome due later this week.
The benchmark indices, Sensex and Nifty traded below their neutral line throughout the day and later closed over half a percent lower today. Among the sectors, Auto and Oil & Gas dragged the markets while some buying was witnessed in IT and Metals. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 25 July (July Expiry)
The Nifty futures price opened at 16680, making a negative opening of 42.6 points today. It has touched an intraday high of 16705 and a day’s low of 16561.50
The Nifty futures price has given a movement of 143.5 points today. In the end, it closed lower by 102.60 points or 0.61 percent and ended at 16620 levels.
The Bank Nifty futures opened at 36689.75 It made a flat to the negative opening of 29.35 points. The Bank Nifty futures has touched an intraday high at 36988.25 and a day’s low at 36451.25
During the day, the Bank Nifty futures has given a movement of 537 points. In the end, it closed lower by 44.95 points or 0.12 percent and closed at 36674.15levels.
Nifty & Bank Nifty Prediction for Tomorrow 26 July 2022 ( July Expiry)
Nifty Futures Prediction for Tomorrow 26 July 2022
Primary Nifty Trend in futures: Positive with cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 16700 whereas All Down Moves Initiates Short Covering (Buy) @ 16550
If the Nifty futures share price Moves Above 16655 and sustain. Then you should Buy with 1st Target of 16684 during the day with a Stop Loss of 16622 FOR the Target of 16684- 16714- 16748- 16774
If the Nifty futures share price Moves Below 16590 and is sustained. Then you should Sell with the 1st Target of 16562 for the day with a Stop Loss of 15612. FOR the Target of 16562- 16522- 16486- 16438
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Bank Nifty Futures Prediction for Tomorrow 26 July 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) @ 37000 whereas All Down Moves Initiates Short Covering (Buy) @ 36400
Suppose the Bank Nifty futures Moves Above 36835 and sustain, then you should Buy with the 1st Target of 36950 during the day with a Stop Loss of 36650 and the Target of 36950- 37075- 37215- 37335
If the Bank Nifty futures Moves Below 36400 and sustain, then you should Sell with the 1st Target of 36250 the day with a Stop Loss of 36575. FOR the Target of 36250 – 36130 – 36020 – 35900
Global Stock Markets Today
Asian markets closed in the red on Monday as investors were cautious ahead of the US Fed policy outcome, GDP data, and China’s persistent covid surges. Traders are expected 75 basis points, a hike by the Fed, and GDP likely to be negative again. Surges in covid cases in China along with ongoing concerns about recession weigh the market sentiments today.
European markets are trading cautiously and trading slightly on the higher side after recovering their early losses on Monday. Investors remain alert ahead of the big event in the US, which will set the market direction ahead. The US futures, Dow, and Nasdaq futures are also trading higher on Monday.
Conclusion
Indian stock market indexes snapped a 6-day winning streak amid weak global cues as investors are cautious ahead of the US Fed policy outcome and GDP data due later this week. Markets are expected to remain volatile this week due to monthly F&O expiry, important global data lined up, and quarterly earnings. Traders should remain cautious and trade with strict stop loss and avoid overnight positions.
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