Market Live- Nifty and Bank Nifty futures are trading higher ahead of weekly expiry

 

Market live for 9th July at 1.30 pm- Indian benchmark indices are trading in the green. Bank Nifty erased most of its early gains and is trading volatile ahead of weekly expiry. The Nifty and Bank Nifty futures are trading higher at 0.88% and 0.92% respectively at 1.30 p.m. 

Europen markets are opened in mixed, FTSE and CAC are trading flat to negative whereas  DAX is trading higher at 0.88%.

Hindalco, Gail, and Tata Steel are training as top gainers while Bharti Infratel, Hero Motor Corp, and Tech Mahindra are losing at this moment. Bajaj Finance, Reliance, and IndusInd Bank are the most active stocks at 1.30 p.m today.

Metals, Banking & Finance, and Oil & Gas sectors are trading higher and FMCG, Aviation, and Hospitality sectors are losing at this hour.

 

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Market Live -Nifty and Bank Nifty futures live prediction

 

Nifty futures live prediction at 10.25 a.m 

If Nifty futures Moves Above 10794 and sustain. Then you should Buy with 1st Target of 10815 during the day with a Stop Loss of 10728 FOR the Target of 10815- 10846- 10878

If Nifty futures Moves Below 10728 and sustain. Then you should Sell with 1st Target of 10706 during the day with a Stop Loss of 10794. FOR the Target of 10706- 10682- 10658

 

Bank Nifty futures live prediction 

If Bank Nifty futures  Moves Above 22880 and sustain. Then you should Buy with 1st Target of 22925 during the day with a Stop Loss of  22700. FOR the Target of 22925 – 22975- 23050

If Bank Nifty futures Moves Below 22700 and sustained. Then you should Sell with 1st Target of 22640 during the day with a Stop Loss of 22880. FOR the Target of 22640 – 22580- 22490

 

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Market Live: Market opened in positive, Metals are shining today

Market live for 9th July, at 10 a.m– Indian stock market opened in a positive note as indicated global cues. The Nifty futures opened at 10725.95 levels, it was up by 29.65 points. The Bank Nifty futures opened at 22719.25 levels and it made a gap up opening of 108.5 points today.

The Nifty and Bank Nifty futures are trading higher at 0.50% and 0.88% respectively. 

The gaining stocks at 10 a.m are Hindalco, Tata Steel, and Vedanta while the losing stocks are Hero Motor Corp, UPL, and Maruti Suzuki. Bajaj Finance, IndusInd Bank, and Reliance are the most active stocks at this moment.

Metals & Minings, Infrastructure, and Banking & Finance are supporting the indices to trade higher in the market. Agri, Hospitality, and Textile sectors are trading marginally down today at this hour.

 

You may also like to read, 10 Best Stock Market books to read while in lockdown

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Good morning and welcome to Market Live for 9th July

 

Market Live for 9th July at 8.30 am: Indian stock market is expected to open in the green as global cues are indicating a positive opening for the market. Asian markets are trading in the positive zone, Nikkei and Hang Seng are up by 0.21% and 0.19%. The SGX Nifty is trading 41.50 points or 0.39% up from the previous close.

 

Global Market

The US markets yesterday closed higher, Dow was up by 0.68% and Nasdaq gained 1.44% on 8th July. The European markets continue their downtrend. FTSE and CAC were down by 0.55% and 1.24% respectively and DAX declined 0.97% yesterday.

Asian and US markets are trading higher due to the improved macro data and early signs of economic recovery. The easing of coronavirus restrictions and a surge in global liquidity by various stimulus measures have increased the risk appetite of traders. Traders have ignored the increasing coronavirus cases and further extension of lockdown. 

 

Indian Markets 

The Indian stock market yesterday closed in the red after five consecutive days of gain. The Nifty future closed at 10696.30 and Bank Nifty future was at 22610.75. 

The FIIs and DIIS both were the sellers in the cash market on 8th July. FIIs sold Rs 994.87 crores and DIIs sold Rs 853.41 crores in the cash segment yesterday.

 

Today TCS will announce its Q1 results along with few other midcap companies.

 

Please visit this page at 10 a.m for more stock market live news and Nifty and Bank Nifty futures live recommendations.

 

You may also like to read, Weekly Market outlook 

 

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