Nifty and Bank Nifty Prediction for Monday, 4 April 2022
Nifty and Bank Nifty Prediction for Monday, 4 April 2022: Indian equity markets surged two-month high on Friday on the back of buying in banking and financial stocks. The Indian market sentiments were upbeat due to falling crude oil prices, as Brent crude oil was trading below $105 per barrel on Friday. It was an optimistic start for the Indian stock market on the first day of the new financial year and the new F&O series.
Friday’s market rally was broad-based, as Nifty midcap and smallcap indexes also gain at par with their larger peers. The market breadth was very strong with the advance decline indicating a ratio of almost 6:1 at the close. FIIs were the net buyers whereas DIIs were sellers in the equity cash segment on Friday. FIIs bought Rs 1909.78 crore while DIIs sold Rs 183.79 crore in the cash segment on the last day of the week.
You can read Friday’s market updates here and weekly stock market analysis here
Nifty and Nifty Bank futures price movement on Friday, 1 April ( April Expiry)
On Friday, 1 April, the Nifty futures ( April Series) opened at 17453 levels, it made a negative opening of 91.45 points. It has touched an intraday high at 17740 and a day’s low at 17423
The Nifty future has given a movement of 317 points on Friday. In the end, it gained 192.90 points or 1.10 percent and ended at 17737.35 levels.
The Bank Nifty futures (April Series) opened at 36407 levels on the last day of the week. It made a negative opening of 146.95 points on Friday. It has touched an intraday high at 37250 and a day’s low at 36337.05
On Friday, the Bank Nifty future gave a movement of 912.95 points. In the end, it gained 696.05 points or 1.90 percent and closed at 37250 levels.
Nifty & Bank Nifty Prediction for Monday, 4 April 2022 (April Expiry)
Nifty Futures Prediction for Monday, 4 April 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17900 whereas All Down Moves Initiates Short Covering (Buy) @ 17650
If the Nifty futures share price Moves Above 17762 and sustain. Then you should Buy with 1st Target of 17808 during the day with a Stop Loss of 17730 FOR the Target of 17808- 17831-17875- 17917
If the Nifty futures share price Moves Below 17685 and is sustained. Then you should Sell with the 1st Target of 17655 during the day with a Stop Loss of 17715. FOR the Target of 17655- 17610- 16568-16515
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Bank Nifty Futures Prediction for Monday, 4 April 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37900, whereas All Down Moves Initiates Short Covering (Buy) @ 37000
Suppose the Bank Nifty futures Moves Above 37410 and sustain, then you should Buy with the 1st Target of 37550 during the day with a Stop Loss of 37290. FOR the Target of 37550 – 37680- 37850- 37960
If the Bank Nifty futures Moves Below 37020 and sustain, then you should Sell with the 1st Target of 36935 during the day with a Stop Loss of 37225. FOR the Target of 36935 – 36830- 36747- 36605
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Global stock market updates
European markets closed marginally higher on Friday as US job growth continued at a robust pace in March while investors shrugged off eurozone record-high inflation data. The indexes managed to close in the green as crude oil prices fell overnight after the US President announced the largest ever release from its strategic reserves and called on oil companies to increase drilling. Investors have also ignored Putin’s threatening to cut off gas supplies unless paid in local currency from April 1.
The US stock market indexes advanced on Friday and bond yields rose, due to a solid employment report that showed the country’s jobless rate returning to pre-pandemic levels. A private report showed that the manufacturing activity in the US fell slightly in March as compared to February.
Conclusions
It was a strong start for the Indian equity markets on the first day of the new financial year. Indian markets gained mainly due to falling crude oil prices, and FIIs inflow. However, the news of robust GST collection just before the market closing cheered the investors. We feel the positive momentum in the market will continue on Monday.
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