Nifty and Bank Nifty Prediction for Tomorrow 30 June 2022
Nifty and Bank Nifty Prediction for Tomorrow 30 June 2022: Indian equity market indexes opened lower on Wednesday amid weak global cues. Globally, the market sentiments were negative as the US consumer confidence falls 16 months low, according to the latest data shown on Tuesday.
Indian markets recovered their early losses in the afternoon session and traded near their neutral lines. In the last hour, the markets fell again due to selling pressure in the IT, FMCG, and Banking stocks, and closed marginally lower. The broader markets also fell in line with their larger peers. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for June 28 (June Expiry)
The Nifty futures price opened at 15701.10, making a negative opening of 146.6 points. It has touched an intraday high of 15852.15 and a day’s low of 15678
The Nifty futures price has given a movement of 174.15 points today. In the end, it closed lower by 82.50 points or 0.52 percent and ended at 15765.20 levels.
The Bank Nifty futures opened at 33368.60 It made a negative opening of 310.15 points. The Bank Nifty futures has touched an intraday high at 33441.95 and a day’s low at 33216.70
During the day, the Bank Nifty futures has given a movement of 225.25 points. In the end, it closed lower by 439.75 points or 1.31 percent and closed at 33239 levels.
Nifty & Bank Nifty Prediction for Tomorrow 30 June 2022 (June Expiry)
Nifty Futures Prediction for Tomorrow 30 June 2022
Primary Nifty Trend in futures: Negative with Cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15850 whereas All Down Moves Initiates Short Covering (Buy) @ 15650
If the Nifty futures share price Moves Above 15830 and sustain. Then you should Buy with 1st Target of 15862 during the day with a Stop Loss of 15805 FOR the Target of 15862- 15894- 15927- 15970
If the Nifty futures share price Moves Below 15765 and is sustained. Then you should Sell with the 1st Target of 15727 for the day with a Stop Loss of 15795. FOR the Target of 15727- 15680- 15638- 15595
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Bank Nifty Futures Prediction for Tomorrow 30 June 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) @ 33400 whereas All Down Moves Initiates Short Covering (Buy) @ 32800
Suppose the Bank Nifty futures Moves Above 33515 and sustain, then you should Buy with the 1st Target of 33640 during the day with a Stop Loss of 33300. For the Target of 33640- 33730- 33815- 33925
If the Bank Nifty futures Moves Below 33140 and sustain, then you should Sell with the 1st Target of 32980 the day with a Stop Loss of 33255. FOR the Target of 32980 – 32815 – 32700 – 32570
Global Stock Markets today
On the global front, most of the other Asian markets closed lower on Wednesday following negative sentiments from Wall Street overnight, after the consumer confidence data dampened investors’ optimism and fuelled worries of recession. Currencies and stocks across the region fell due to the latest weak economic data from the US and also overshadowed the easing of Cov-19 restrictions in China.
European markets are trading lower on Wednesday as renewed recession fears from the US put the brakes on a rally sparked by China’s easing Covid-19 restrictions for travelers. The future indexes of US markets, Dow Jones, and Nasdaq futures are trading almost flat at this moment at 5.30 pm IST.
Conclusion
Indian markets traded volatile today ahead of the monthly F&O expiry as global market sentiments were mixed. The positive sentiments from China were overshadowed by the weak US economic data today. Going ahead, tomorrow’s markets will remain volatile due to monthly F&O expiry and US GDP data which is expected later today.
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