Nifty and Bank Nifty Prediction for Monday 14 Nov 2022
Nifty and Bank Nifty Prediction for Monday 14 Nov 2022: The Indian equity benchmarks ended with strong gains on Friday amid positive cues from the US markets. The sentiments were upbeat, as the US inflation reported 7.7% in October, cooler than expected. Sensex and Nifty hit a 52-week high of 61840.97 and 18362.30 respectively in the last trading session of the week.
Among the sectoral indexes, IT, Financial Services, Metals, Realty, and Banking led the rally whereas some selling pressure was witnessed in PSU Bank, Auto, and FMCG sectors. The broader markets underperformed their larger peers, as Nifty midcap and small-cap indexes gained 0.07 percent and 0.38 percent respectively. At the close, Sensex and Nifty gained 1.95 percent and 1.78 percent respectively on Friday.
Nifty and Nifty Bank futures price movement on Friday, 11 Nov (Nov Expiry)
On Friday, Nov 11, the Nifty futures (Nov Series) opened at 18332.55 levels, it made a gap-up opening of 239.9 points. It has touched an intraday high at 18439.95 and a day’s low at 18320
The Nifty future has given a movement of 119.95 points on Friday. In the end, it gained 347.25 points or 1.92 percent and ended at 18439.90 levels.
The Bank Nifty futures (Nov. Series) opened at 42350 levels on the last day of the week. It made a positive opening of 618.95 points on Friday. It has touched an intraday high at 42438.70 and a day’s low at 42053.40
On Friday, the Bank Nifty future gave a movement of 385.3 points. At the close, it ended higher by 563.95 points or 1.35 percent and closed at 42295 levels.
Nifty & Bank Nifty Prediction for Monday 14 Nov 2022 (Nov Expiry)
Nifty Futures Prediction for Monday 14 Nov 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18600 whereas All Down Moves Initiates Short Covering (Buy) @ 18300
If the Nifty futures share price Moves Above 18485 and sustain. Then you should Buy with 1st Target of 18521 during the day with a Stop Loss of 18440 FOR the Target of 18521-18582- 18638
If the Nifty futures share price Moves Below 18360 and is sustained. Then you should Sell with the 1st Target of 18319 during the day with a Stop Loss of 18400. For the Target of 18319- 18280- 18220
Bank Nifty Futures Prediction for Monday 14 Nov 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 42500, whereas All Down Moves Initiates Short Covering (Buy) @ 41800
Suppose the Bank Nifty futures Moves Above 42365 and sustain, then you should Buy with the 1st Target of 42470 during the day with a Stop Loss of 42250. For the Target of 42470- 42555- 42640
If the Bank Nifty futures Moves Below 42080 and sustain, then you should Sell with the 1st Target of 41985 during the day with a Stop Loss of 42200. For the Target of 41985- 41880- 41685
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
The US stock markets extended their previous session gains on Friday. Nasdaq and S&P 500 ended sharply higher due to a rally in tech and internet-based stocks while a decline in pharma stocks restrict Dow Jones to make a big rally on Friday. Adding some more optimism in the market, according to the CME Fed watch tool, investors see an 81% chance of a 50 bps rate hike in December while a 19% chance of a 75 bps
European stock market indexes pared some early gains and closed mixed on Friday after the previous session rally due to softer-than-expected US CPI inflation reading. The market sentiments were boosted early Friday after China said to ease some covid related restrictions. The pan-European Stoxx 600 erased early gains and closed flat to the positive on Friday. The basic resources stocks end higher while healthcare stocks fell on the final day of the week.
Conclusions
Indian markets gained almost 2 percent on Friday. Sensex and Nifty hit a 52-Week high while Bank Nifty also touched a fresh all-time high. Though markets are looking positive, Investors should remain cautious on Monday ahead of India’s CPI inflation data, which is expected later in the day. You can also follow our “Daily Morning Market Report” on Monday morning for the stock market direction.
Also read, Indian Stock Market Weekly Updates 7-11 Nov 2022
Global Stock Market Weekly Updates (7-11 Nov 2022)
If you like the post “Nifty and Bank Nifty Prediction for Monday 14 Nov 2022” 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.
