Nifty and Bank Nifty Prediction for Tomorrow 27 April 2022
Nifty and Bank Nifty Prediction for Tomorrow 27 April 2022: Indian equity markets opened higher on Tuesday tracking positive cues from the other Asian markets. The domestic market indices traded positively throughout the day with the support of the global markets. Markets extended their early gains on the back of buying in Realty, Auto, and PSU banking stocks.
The broader markets also gained in line with their larger peers today. In the end, the benchmark indices, Sensex and Nifty gained nearly 1.5 percent today. You can read the detailed market updates here.
Nifty and Nifty Bank futures price movement for 26 April (April Expiry)
The Nifty futures price opened at 17125, making a positive opening of 166.65 points. It has touched an intraday high of 17228.80 and a day’s low of 17068.20
The Nifty futures price has given a movement of 160.6 points today. In the end, it closed higher by 253.15 points or 1.49 percent and ended at 17211.50 levels.
The Bank Nifty futures opened at 36573.20, It made a positive opening of 422.85 points. The Bank Nifty futures has touched an intraday high at 36628.95 and a day’s low at 36287.30
During the day, the Bank Nifty futures has given a movement of 341.65 points. In the end, it closed higher by 285.65 points or 0.79 percent and closed at 36436 levels.
Nifty & Bank Nifty Prediction for Tomorrow 27 April 2022 (April Expiry)
Nifty Futures Prediction for Tomorrow 27 April 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17400 whereas All Down Moves Initiates Short Covering (Buy) @ 17100
If the Nifty futures share price Moves Above 17255 and sustain. Then you should Buy with 1st Target of 17285 during the day with a Stop Loss of 17224 FOR the Target of 17285- 17315 – 17385- 17424
If the Nifty futures share price Moves Below 17175 and is sustained. Then you should Sell with the 1st Target of 17135 for the day with a Stop Loss of 17210. FOR the Target of 17135-17110- 17075- 17050
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Bank Nifty Futures Prediction for Tomorrow 27 April 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36650 whereas All Down Moves Initiates Short Covering (Buy) @ 36000
Suppose the Bank Nifty futures Moves Above 36560 and sustain, then you should Buy with the 1st Target of 36640 during the day with a Stop Loss of 36410 the Target of 36640- 36720- 36840- 36980
If the Bank Nifty futures Moves Below 36285 and sustain, then you should Sell with the 1st Target of 36140 the day with a Stop Loss of 36350. FOR the Target of 36140 – 35990 – 35875 – 35750
Global Stock Markets today
On the global front, the other Asian market indexes were closed mostly in the green. China’s Shanghai continued its southward journey as surging covid cases in Beijing added to investors’ worries about growth in the world’s second-largest economy. Investors are also worried about the larger scale of covid cases and China’s adherence to zero-covid policy would further disrupt the supply chain in the world.
European markets are trading higher on Tuesday after a rally in US tech stocks driven by Elon Musk’s takeover of social media platform Twitter. The quarterly corporate results have also supported the European market sentiments upbeat on Tuesday. The US future indexes, Dow, and Nasdaq futures are trading in the red at this moment at 5 pm IST.
Conclusion
Indian equity markets rebounded sharply after a 2-days fall in a row. Indian markets gained with the support of positive global cues and DIIs buying. The markets will remain volatile due to lots of uncertainties like lockdowns in China, the Ukraine war, US rate hikes are some of them. Traders should remain cautious in the coming two days due to the monthly F&O expiry.
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