Nifty and Bank Nifty Prediction for Tomorrow, 26 Oct 2021
Nifty and Bank Nifty Prediction for Tomorrow, 26 Oct 2021: Indian equity markets opened higher on Monday amid mixed cues from the other Asian market peers. Markets erased all early gains and turned negative after a few minutes of trading. The domestic markets were volatile throughout the day, barring Banking & Financial Services all other major sectors traded negatively. In the end, the benchmark, indices Sensex and Nifty closed slightly higher whereas the Bank Nifty closed strong today. The broader markets underperformed today as Nifty midcap and smallcap indexes closed in the deep red. You can read the complete market updates here
Nifty and Nifty Bank futures price movement for 25 October (Oct Expiry)
The Nifty futures price opened at 18220, making a positive opening of 75.45 points on Thursday. It has touched an intraday high at 18234.35 and a day’s low at 17986.60
The Nifty futures price has given a movement of 247.75 points today. In the end, it fell 9.35 points or 0.05 percent and ended at 18153.90 levels.
The Bank Nifty futures opened at 40806. It made a positive opening of 409.6 points today. It has touched an intraday high at 41820.80 and a day’s low at 40455.05
During the day, the Bank Nifty in futures has given a movement of 1365.75 points. In the end, it closed higher by 945.60 points or 2.34 percent and closed at 41342 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 26 Oct 2021 (Oct Expiry)
Nifty Futures Prediction for Tomorrow, 26 Oct 2021
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18230 whereas All Down Moves Initiates Short Covering (Buy) @ 18080
If the Nifty futures share price Moves Above 18185 and sustain. Then you should Buy with 1st Target of 18209 during the day with a Stop Loss of 18150 FOR the Target of 18209-18235- 18264
If the Nifty futures share price Moves Below 18105 and is sustained. Then you should Sell with the 1st Target of 18078 during the day with a Stop Loss of 18132. FOR the Target of 18078- 18045- 18009
Bank Nifty Futures Predictions for Tomorrow, 26 Oct 2021
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 40650, whereas All Down Moves Initiates Short Covering (Buy) @ 40100
Suppose the Bank Nifty futures Moves Above 41440 and sustain, then you should Buy with the 1st Target of 41535 during the day with a Stop Loss of 41220. FOR the Target of 41535 – 41645 – 41820
If the Bank Nifty futures Moves Below 41040 and sustain, then you should Sell with the 1st Target of 40850 during the day with a Stop Loss of 41165. FOR the Target of 40850 – 40710 – 40550
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Global markets today
On the global front, the other Asian markets closed mixed following the mixed cues from Wall Street on Friday as traders reacted to mixed US corporate earnings news from several big-name companies.
European market indexes are trading mixed on Monday as investors sat on the sidelines ahead of another raft of the big corporate earnings reports. European markets tracking the other Asian peers, where markets were closed mixed, even after China Evergrande’s interest payments. The US futures, Dow, and Nasdaq futures are trading flat at this time.
Conclusions
Indian stock markets snap 4-day losing streak to close higher on Monday. Global cues and strong corporate Q2 earnings helped the market to open higher but could not sustain for a long. Later, in the afternoon session, some selected banks like ICICI Bank, Axis Bank, and SBI and financial stocks helped the market to close in the green, while the selling pressure in the midcap and smallcap indexes continued. Going ahead, markets are likely to see some more corrections in the coming days.
Also read, Indian stock market outlook for next week – 25 to 29 Oct
Best Options Trading Books in India-Must Read 2021
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