Nifty and Bank Nifty Prediction for Monday 25 July 2022
Nifty and Bank Nifty Prediction for Monday 25 July 2022: Indian equity markets opened higher on Friday mirroring positive global cues. The market sentiments remain positive due to strong US corporate earnings and FIIs inflows during the week. Markets gained due to buying witnessed in Financials, Banking, and FMCG stocks on Friday. In the end, the benchmark indices Sensex and Nifty ended above their psychological levels Sensex at 56072 and Nifty at 16719 levels.
The broader markets underperformed as compared to benchmarks, as Nifty midcaps closed flat to negative while small-caps gained 0.37 percent. However, the market breadth was quite positive with the “advance-decline” indicating a ratio of 3:2 at the close on Friday. FIIs were the net seller after consecutively buying for four straight sessions in the equity cash segment, they sold Rs 675.45 crore while DIIs bought Rs 739.38 crore.
Nifty and Nifty Bank futures price movement on Friday, 22 July (July Expiry)
On Friday, July 22, the Nifty futures (July Series) opened at 16631.10 levels, it made a positive opening of 33.6 points. It has touched an intraday high at 16757.50 and a day’s low at 16611
The Nifty future has given a movement of 146.5 points on Friday. In the end, it gained 125 points or 0.75 percent and ended at 16722.50 levels.
The Bank Nifty futures (July Series) opened at 36155.55 levels on the last day of the week. It made a negative opening of 35.65 points on Friday. It has touched an intraday high at 36828.95 and a day’s low at 36155.55
On Friday, the Bank Nifty future gave a movement of 673.4 points. In the end, it was up by 528.80 points or 1.46 percent and closed at 36720 levels.
Nifty & Bank Nifty Prediction for Monday 25 July 2022 (July Expiry)
Nifty Futures Prediction for Monday 25 July 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 16850 whereas All Down Moves Initiates Short Covering (Buy) @ 16650
If the Nifty futures share price Moves Above 16758 and sustain. Then you should Buy with 1st Target of 16785 during the day with a Stop Loss of 16716 FOR the Target of 16785- 16830-16854- 16894
If the Nifty futures share price Moves Below 16665 and is sustained. Then you should Sell with the 1st Target of 16625 during the day with a Stop Loss of 16698. FOR the Target of 16625- 16585- 16538- 16502
Bank Nifty Futures Prediction for Monday 25 July 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37100, whereas All Down Moves Initiates Short Covering (Buy) @ 36450
Suppose the Bank Nifty futures Moves Above 36850 and sustain, then you should Buy with the 1st Target of 36980 during the day with a Stop Loss of 36700. FOR the Target of 36980 – 37045- 37125- 37220
If the Bank Nifty futures Moves Below 36550 and sustain, then you should Sell with the 1st Target of 36435 during the day with a Stop Loss of 36615. FOR the Target of 36435 – 36325- 36218- 36130
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Global stock market updates
The US stock market indexes closed lower on Friday, snapping a three-day winning streak due to surprisingly weak quarterly results from companies. Snapchat posted its weakest-ever quarterly earnings while Twitter revenue fell during the quarter. The profit bookings were triggered on Friday, as weak quarterly earnings have reminded investors about the ongoing issues like the possibility of a recession, persistently high inflation, and other uncertainties.
European markets gained marginally higher on Friday even after a survey indicates a contraction in the eurozone economy in July. The sentiments were slightly positive as Russia and Ukraine have signed a three-month deal to resume grain exports from three Ukrainian ports.
Conclusions
Indian markets advanced for the sixth consecutive day in a row. The markets closed at a strong near day’s high on Friday. The positive global market sentiments, FII’s inflow, and absence of any negative trigger lifted the market sentiments on Friday.
To know the market events for next week you can read our report “key factors that are likely to impact the market in next week’s” in the late evening.
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