Nifty and Bank Nifty futures live prediction
Nifty & Bank Nifty Futures Live at 1.40 p.m: Indian markets are trading in a flat note. The Nifty future is trading lower by 0.15% whereas the Bank Nifty future is trading almost 1% higher at 1.40 p.m IST. The Bank Nifty was trading volatile today and is currently trading near day’s high. Private sector banks like IndusInd Bank, ICICI Bank, and Axis Bank are trading 2-4% higher.
Most of the Asian markets are in the red, European markets are also opened in lower and are currently trading almost 1% down.
Bajaj Finance, IndusInd Bank, and ICICI Bank are the top gaining stocks at 1.40 p.m IST whereas Adani Ports, Power Grid, and M&M are the top losing stocks in Nifty50 index.
Banking & Finance, Aviation, and Hospitality sectors are trading higher. The Oil & Gas, Power, and Infrastructure sectors are trading lower.
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Nifty futures live prediction at 10.40 a.m
If Nifty futures Moves Above 10756 and sustain. Then you should Buy with 1st Target of 10784 during the day with a Stop Loss of 10690 FOR the Target of 10784- 10810- 10838
If Nifty futures Moves Below 10690 and sustain. Then you should Sell with 1st Target of 10665 during the day with a Stop Loss of 10756. FOR the Target of 10665- 10638- 10618.
Bank Nifty futures live prediction at 10.40 a.m
If Bank Nifty futures Moves Above 22220 and sustain. Then you should Buy with 1st Target of 22270 during the day with a Stop Loss of 21970. FOR the Target of 22270 – 22338- 22452
If Bank Nifty futures Moves Below 21970 and sustained. Then you should Sell with 1st Target of 21930 during the day with a Stop Loss of 22220. FOR the Target of 21930 – 21875- 21775
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Stock Market Opening News: Nifty and Bank Nifty are trading flat
Nifty & Bank Nifty Futures: Indian stock market opened in the green today despite negative cues from the Asian markets. The Nifty futures opened at 10761.90 levels, it was up by 7.05 points only. The Bank Nifty futures opened at 22209.95 levels made a gap down opening of 16.35 points.
At 10 a.m, the Nifty and Bank Nifty futures are trading lower at 0.16% and 0.57% respectively.
Infosys, HCL Tech, and Wipro are the top gaining stocks in the Nifty50 index whereas Power Grid Corp, Grasim, and M&M are the losing stocks at this hour. Bajaj Finance, Reliance, and TCS are the most active stocks at 10 a.m IST today.
IT & Software, Hospitality, and Aviation are trading in the green whereas Banking, Infrastructures, and Metals sectors are trading lower
You may also like to read, Global Market, Nifty & Nifty Bank share price target
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Good morning and welcome to our Stock Market opening views for 7th July
Stock Market opening views for 7th July at 8.30 a.m: Indian market may open flat to negative as Asian markets are mostly trading in the red today. The SGX Nifty is 51 points or 0.47% down indicating a flat to negative opening for the Indian Market. Nikkei and Hang Seng are also trading lower by 0.56% and 0.46% respectively.
The positive macro data and hopes of a vaccine at the end of this year boosted the global market sentiments so far. That is the reason we saw a strong market opening in Indian in the last few days.
On the domestic front in addition to macro data, the recent ease in the tension between India and China has made a positive sentiment in the market. Traders have ignored the rising cases of coronavirus infection and recent extensions of the lockdown in a few places.
Though the indication of the market opening is negative the Indian stock market trend is looking positive for today.
The market as on 6th July
The Nifty futures yesterday closed at 10754.85 and Bank Nifty future was closed at 22226.30. The FIIs and DIIs both were the buyers in the cash market on 6th July. FIIs bought Rs 348.35 crores and DIIs purchased Rs 263.47 crores in the cash market on Monday.
The US market closed in a strong note on 6th July. Dow closed up by 1.78% and Nasdaq was gained 2.21%. The European markets were also closed in the green yesterday. FTSE was up by 2% and CAC and DAX gained around 1.49% and 1.64% respectively
You can visit this page at 10 am to read more on Indian market opening news and Nifty and Bank Nifty futures live recommendations.
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