Nifty and Bank Nifty Prediction for Tomorrow 28 April 2022
Nifty and Bank Nifty Prediction for Tomorrow 28 April 2022: Indian stock market indexes made a gap-down opening on Wednesday mirroring the negative cues from the Asian market peers. The key indexes traded negatively and remain volatile throughout the day on the back of selling in Financial Services, Banking, and Pharma stocks.
The broader markets also traded in the red in line with their larger peers. In the end, the benchmark indices extended their early losses and closed in the red. You can read the detailed market updates here.
Nifty and Nifty Bank futures price movement for 27 April (April Expiry)
The Nifty futures price opened at 17078, making a negative opening of 126 points. It has touched an intraday high of 17114.50 and a day’s low of 16957.85
The Nifty futures price has given a movement of 156.65 points today. In the end, it closed lower by 144.95 points or 0.84 percent and ended at 17059.05 levels.
The Bank Nifty futures opened at 36011, It made a negative opening of 444.15 points. The Bank Nifty futures has touched an intraday high at 36194.25 and a day’s low at 35761.05
During the day, the Bank Nifty futures has given a movement of 433.2 points. In the end, it closed lower by 332.30 points or 0.91 percent and closed at 36122.85 levels.
Nifty & Bank Nifty Prediction for Tomorrow 28 April 2022 (April Expiry)
Nifty Futures Prediction for Tomorrow 28 April 2022
Primary Nifty Trend in futures: Positive with Cautious Bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17250 whereas All Down Moves Initiates Short Covering (Buy) @ 17950
If the Nifty futures share price Moves Above 17128 and sustain. Then you should Buy with 1st Target of 17154 during the day with a Stop Loss of 17090 FOR the Target of 17154- 17182 – 17215- 17247
If the Nifty futures share price Moves Below 17018 and is sustained. Then you should Sell with the 1st Target of 16965 for the day with a Stop Loss of 17050. FOR the Target of 16965-16935- 16885- 16850
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 28 April 2022
Primary Trend of Bank Nifty Futures: Negative with cautious bias
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36500 whereas All Down Moves Initiates Short Covering (Buy) @ 35800
Suppose the Bank Nifty futures Moves Above 36285 and sustain, then you should Buy with the 1st Target of 36410 during the day with a Stop Loss of 36150. For the Target of 36410- 36550- 36670- 36835
If the Bank Nifty futures Moves Below 35990 and sustain, then you should Sell with the 1st Target of 35880 the day with a Stop Loss of 36110. FOR the Target of 35880 – 35790 – 35685 – 35550
Global Stock Markets today
On the global market front, other Asian markets closed mostly in the red on Wednesday tracking negative cues from Wall Street overnight. Whereas Shanghai bounced back today after a continuous fall due to stimulus hope and Beijing might relax its crippling zero-Covid strategy. Further, the sentiments also improved as the data showed profits at China’s industrial firms grew at a faster pace in March compared to the previous year.
European market indexes are trading higher on Wednesday at 5 pm IST on upbeat corporate results despite worries over gas supplies, as Russia turned off the taps to Poland and Bulgaria. The US futures, Dow, and Nasdaq futures indexes are trading in the green today.
Conclusion
Indian markets corrected sharply today. Among sectors, almost all sectors closed in the red Financial sector dragged the most. The market volatility will continue, as tomorrow is the monthly F&O expiry. Traders should remain cautious and trade with strict stop loss.
Also read: Best Options Trading Books in India-Must Read 2021
Amazon Audible- Top 5 Stock Market Audiobooks for free
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow 28 April 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.
