Nifty and Bank Nifty Prediction for Monday 13 Feb 2023
Nifty and Bank Nifty Prediction for Monday 13 Feb 2023: Indian equity markets traded rangebound and ended with minor cuts on Friday following weak global cues. Traders were cautious ahead of the Industrial Production data released post markets and CPI data due on Monday. Among the sectors Realty, PSU Bank, and Media were in demand whereas selling pressure was witnessed in the Metals, Energy, and FMCG sectors.
The market breadth was slightly on the positive side with the advance decline indicating a ratio of 4:3 at the close. The broader markets outperformed the benchmark indices, as Nifty mid and smallcap indices ended higher by 0.24 percent and 0.54 percent respectively.
FIIs turned net buyers on Friday, they bought Rs 1458.02 crore worth of shares in the Indian equity cash segment while DIIs offloaded Rs 291.34 crore. At the close, Sensex and Nifty declined 0.20 percent and 0.21 percent respectively on the last day of the week.
Nifty and Nifty Bank futures price movement on Friday, 10 Feb
On Friday, Feb 10, the Nifty futures (Feb Series) opened at 17851 levels, it made a negative opening of 94.85 points from the previous close. It touched an intraday high at 17899.90 and a day’s low at 17799
The Nifty future has given a movement of 100.9 points on Friday. In the end, it closed lower by 75.85 points or 0.42 percent and ended at 17870 levels.
The Bank Nifty futures (Feb Series) opened at 41510 levels on the last day of the week. It made a negative opening of 206.8 points on Friday. It has touched an intraday high at 41738.55 and a day’s low at 41510
On Friday, the Bank Nifty future gave a movement of 288.55 points. At the close, it ended lower by 71.80 points or 0.17 percent and closed at 41645 levels.
Nifty & Bank Nifty Prediction for Monday 13 Feb 2023 (Feb Expiry)
Nifty Futures Prediction for Monday 13 Feb 2023
Primary Nifty Trend in futures: Sideways
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18000 whereas All Down Moves Initiates Short Covering (Buy) @ 17800
If the Nifty futures share price Moves Above 17902 and sustains. Then you should Buy with 1st Target of 17936 during the day with a Stop Loss of 17874 FOR the Target of 17936- 17965- 17992- 18027
If the Nifty futures share price Moves Below 17845 and is sustained. Then you should Sell with the 1st Target of 17809 during the day with a Stop Loss of 17860. For the Target of 17809- 17775- 17735- 17705
Bank Nifty Futures Prediction for Monday 13 Feb 2023
Primary Trend of Bank Nifty Futures: Sideways
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 41800, whereas All Down Moves Initiates Short Covering (Buy) @ 41350
Suppose the Bank Nifty futures Moves Above 41840 and sustain, then you should Buy with the 1st Target of 41930 during the day with a Stop Loss of 41720. For the Target of 41930- 42020- 42165- 42285
If the Bank Nifty futures Moves Below 41500 and sustain, then you should Sell with the 1st Target of 41430 during the day with a Stop Loss of 41640. For the Target of 41430- 41350- 41240- 41135
If you want Market Views and Live Trading calls for Nifty, Bank Nifty and Stocks, Cash/F&O Segment, and Global /Domestic market happenings then join our Telegram Channel – https://t.me/nifty50stocks1
Global stock market updates
European stock markets ended in the red on Friday as investors assess the economic outlook and the potential monetary policy tightening from the US Fed. Most of the sectors closed lower, with travel and leisure stocks leading losses, while Oil &Gas and telecom stocks gained on Friday. UK’s fourth quarter GDP data released on Friday showed that the economy flatlined in the fourth quarter and narrowly avoided recession.
The US stock markets closed mixed on Friday, Dow Jones advanced due to the surge in energy prices after Russia announced to cut crude oil production. While Nasdaq ended lower due to weak corporate results announced on Friday and a sharp fall in Tesla stock. The technology stocks got hit after Google parent Alphabet AI Chatbot ‘Bard’ mishap, though Alphabet stock price closed almost flat on Friday after days fall.
Conclusions
Indian stock markets ended with minor cuts on Friday amid weak global cues. The fear of renewed interest rate hikes in the US after Fed official’s hawkish comments dented the markets last week. India’s Industrial production slipped in December, as the government data showed on Friday after market hours. On Monday, the domestic markets will first react to the economic data. You can also follow our Daily Morning Report at 7.30 am IST to know the market direction.
Also read, Indian Stock Market Weekly Update (6 – 10 Feb 2023)
Global Stock Market Indexes-Weekly Updates
If you like the post “Nifty and Bank Nifty Prediction for Monday 13 Feb 2023” 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.
