Nifty and Bank Nifty Prediction for Monday, 25 April 2022
Nifty and Bank Nifty Prediction for Monday, 25 April 2022: Indian equity markets extended their early losses on Friday following the weak global cues. Soon after opening a gap down in the morning, markets tried to recover their losses but profit booking in Banking, Metal and Financial dragged the indexes and closed in the deep read. Overall, is a weak trading day, each and every sector closed in the red on Friday.
The broader markets were also closed in the red on the last day of the week. The market breadth was weak with advance and decline to indicate a ratio of 2:3 at the close. FIIs were the sellers and DIIs were the buyers in the equity cash segment. FIIs sold Rs 2461.72 crore while DIIs bought Rs 1602.35 crore on Friday. You can read detailed Friday’s market updates here.
Nifty, Nifty Bank futures price movement on Friday, 22 April ( April Expiry)
On Friday, 22 April, the Nifty futures ( April Series) opened at 17225.10 levels, it made a negative opening of 185.05 points. It has touched an intraday high at 17321 and a day’s low at 17156.50
The Nifty future has given a movement of 164.5 points on Friday. In the end, it declined 240.25 points or 1.38 percent and ended at 17169.90 levels.
The Bank Nifty futures (April Series) opened at 36650 levels on the last day of the week. It made a negative opening of 280.25 points on Friday. It has touched an intraday high at 36699.95 and a day’s low at 36031
On Friday, the Bank Nifty future gave a movement of 668.95 points. In the end, it was down by 899.25 points or 2.44 percent and closed at 36031 levels.
Nifty & Bank Nifty Prediction for Monday, 25 April 2022 (April Expiry)
Nifty Futures Prediction for Monday, 25 April 2022
Primary Nifty Trend in futures: Mild Positive bias remains cautious
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17350 whereas All Down Moves Initiates Short Covering (Buy) @ 17050
If the Nifty futures share price Moves Above 17232 and sustain. Then you should Buy with 1st Target of 17256 during the day with a Stop Loss of 17200 FOR the Target of 17256- 17285-17325- 17385
If the Nifty futures share price Moves Below 17148 and is sustained. Then you should Sell with the 1st Target of 17120 during the day with a Stop Loss of 17185. FOR the Target of 17120- 17080- 17020- 16956
Bank Nifty Futures Prediction for Monday, 25 April 2022
Primary Trend of Bank Nifty Futures: Mild Negative bias cautious
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36500, whereas All Down Moves Initiates Short Covering (Buy) @ 35800
Suppose the Bank Nifty futures Moves Above 36355 and sustain, then you should Buy with the 1st Target of 36570 during the day with a Stop Loss of 36150. FOR the Target of 36570 – 36725- 36812- 36920
If the Bank Nifty futures Moves Below 35950 and sustain, then you should Sell with the 1st Target of 35812 during the day with a Stop Loss of 36058. FOR the Target of 35812 – 35750- 35570- 35415
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Global stock market updates
The US markets witnessed a sharp selloff on Friday, Dow Jones tumbles nearly 1000 points registering the worst day since 2020. Worries about slowing corporate earnings and the Federal Reserves’ aggressive rate hike plan dragged the US market indexes on Friday.
European market indexes closed near one month low on Friday due to the combination of negative factors like China lockdown, aggressive US interest rate fear, and uncertainty about the Ukraine crisis. The UK’s weak PMI and retail sales data also weigh the market sentiments on the last day of the week.
Conclusions
Indian stock markets closed lower near the day’s low on Friday. The market sentiments were downbeat on Friday due to hawkish comments made by the Fed’s chair regarding an aggressive rate hike in May to curb inflation. Other than high inflation, FIIs outflow, uncertainty regarding the Ukraine crisis, and weak quarterly results are a few factors that may impact Indian markets in the coming days.
Traders need to remain extra cautious on Monday as US and European markets closed in the deep red on Friday and the monthly F&O expiry is also scheduled in the coming week.
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