Market Live for 16th July: Nifty and Bank Nifty Futures live
Market live for 16th July: Nifty and Bank Nifty futures live prediction
Nifty futures live prediction at 10.30 a.m
If Nifty futures Moves Above 10713 and sustain. Then you should Buy with 1st Target of 10730 during the day with a Stop Loss of 10610 FOR the Target of 10730- 10748- 10784
If Nifty futures Moves Below 10610 and sustain. Then you should Sell with 1st Target of 10578 during the day with a Stop Loss of 10713. FOR the Target of 10578- 10546- 10505
Bank Nifty futures live prediction at 10.30 a.m
If Bank Nifty futures Moves Above 21336 and sustain. Then you should Buy with 1st Target of 21440 during the day with a Stop Loss of 21130. FOR the Target of 21440 – 21520- 21650
If Bank Nifty futures Moves Below 21130 and sustained. Then you should Sell with 1st Target of 21020 during the day with a Stop Loss of 21336. FOR the Target of 21020 – 20940- 20820
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Market Live for 16th July: Markets are trading in flat
Indian Market Live for 16th July at 10 a.m- Indian stock market opened in the green despite a negative indication from the SGX Nifty. The Nifty futures opened at 10652.90, up by 24.65 points and Bank Nifty futures opened at 21400 and made a gap up of 79.05 points.
At 10 a.m, the Nifty futures is trading 0.13% higher whereas Bank Nifty futures are trading down by 0.67%
Infosys, TCS, and HCL Tech are trading as top gainers. IT stocks are in focus for the second consecutive days. Infosys is trading more than 10% higher after Q1FY21 results announced yesterday. Bharti Infratel, IOC, and ITC are trading as top losers in the Nifty50 index today.
IT & Software sector is trading more than 4% higher followed by Insurance and Oil & Sectors. On the losing side FMCG, Metals & Mining, and Infrastructure sectors are trading in the red.
You may also like to read, Hedging: Meaning, Risk, Strategies, and types of Hedge
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Market Live: Indian market is expected to open lower.
Good morning and welcome to the stock market live for 16th July at 8.50 a.m.
The Asian stock markets are trading in the red today. Nikkei and Hang Seng are trading down by 0.49% and 1.20% respectively. The SGX Nifty is trading 26 points or 0.25% down. The Indian markets may open flat to negative as per SGX Nifty indication.
On 15th July, Wall Street closed in the positive note. Dow was up by 0.85% and Nasdaq was gained 0.59%. The European markets were also gained yesterday. FTSE and DAX gained 1.8% each and CAC was up by 2% at the close.
Back home in Indian on 15th July, Nifty futures closed at 10628.25 up by 0.17% whereas Bank Nifty futures declined by 0.37% and closed at 21320.95. Yesterday FIIs and DIIs bot were sellers in the cash market. FIIs sold Rs 221.7 cr while DIIs sold Rs 899.37 cr in the cash market.
News that will influence the Indian Market today
The global markets are rising in the hopes of getting the coronavirus vaccine. Moderna Inc has entered the final stage of testing the vaccine after it shows a promising result in the last test.
Indian exports declined by 12.41% to $21.91 billion and Import also declined by 47.59% to $21.11 billion in the month of June. There is a trade surplus of $0.79 billion as compared to a deficit of $15.28 in the same period last year.
IT stocks will continue to be a focus today as Infosys has announced its Q1 results yesterday after the market. Infosys reported a 2% decline in Q1FY21 QoQ profit at Rs 4233 cr as compared to Rs 4321 cr in Q4FY20. The Company’s revenue Increased by1.7% on QoQ basis. The Q1FY21 meets streets estimates we can see upward movement in the stock.
Today’s results are L &T Finance Holdings, Bajaj Consumer Care, Bharat Wire Ropes, etc.
You can visit this page at 10 a.m for more stock market live updates and Nifty and Bank Nifty futures live recommendations.
Also read, Coronavirus impact on various sectors & Indian economic growth
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