Nifty & Bank Nifty Prediction for Tomorrow, 13 July 2021
Nifty and Bank Nifty futures prediction for tomorrow 13 July 2021: Indian stock markets made an optimistic start on Monday tracking positive global cues. The markets were trading firm in the morning deal on account of buying in almost all sectoral indices led by Auto, IT, Realty, and Basic Materials. In the last hour, markets erased all intraday gains and closed almost flat today.
The domestic market sentiments got a boost as Niti Aayog Chairman Rajiv Kumar said the economy will register double-digit growth in the current fiscal and the disinvestment climate also looks better, with India’s story remaining very strong.
Adding more optimism, the Confederation of Indian Industries (CII) Chief Executive Officers (CEOs) poll of 119 top corporates showed that recovery from the second wave of the pandemic in April-May is expected to be swifter as compared to the first wave in 2020. However, the upside remained capped due to the cautiousness ahead of the CPI and IIP data later today.
Today’s market updates: Sensex, Nifty, and Bank Nifty on the spot price
At the close, Nifty gained only 2.80 or 0.02 percent and closed almost flat at 15692.60 while Sensex fell 13.50 points or 0.02 percent and finished at 52372.69 levels. The Bank Nifty on the spot price was up by 126.95 points or 0.37 percent and ended at 35198.90 levels.
The broader markets closed higher and outperformed the benchmark indices today. The Nifty midcap index gained 120.85 points or 0.44 percent and finished at 27503.60 levels. The Nifty smallcap index closed higher by 60.25 points or 0.60 percent and ended at 10086.60 levels.
The top five gainers in the Nifty 50 indexes are Ultratech Cement, Grasim, Shree Cement, JSW Steel, and SBI Life. On the losing side Adani Ports, BPCL, Bharti Airtel, Tata Steel, and Infosys. The most active stocks in the Nifty 50 index were Tata Steel, HDFC, and HDFC Bank
Automobiles, Metals, Banks, Construction Materials, Real Estate, and Finance sectors closed in the green, on a sectoral front. IT & Software, Telecom, Infrastructure, and Media sectors closed in the red today.
Nifty and Nifty Bank futures price movement for 12 July ( July Expiry)
The Nifty futures price opened at 15777 and made a positive opening of 54.55 points. It has touched an intraday high at 15811.90 and a day’s low at 15657.50.
The Nifty futures price has given a movement of 154.4 points today. In the end, it fell 12.6 points or 0.08 percent and ended at 15709.85 levels.
The Bank Nifty futures opened at 35386 It made a positive opening of 115.65 points today. It has touched an intraday high at 35569.35 and a day’s low at 35152.05
During the day, the Bank Nifty in futures has given a movement of 417.3 points. In the end, it closed higher by 49.65 points or 0.14 percent and closed at 35320 levels.
Nifty & Bank Nifty Prediction for Tomorrow 13 July, (July Expiry)
Nifty Futures Prediction for Tomorrow, 13 July
Primary Nifty Trend in futures: Mild Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15800 whereas All Down Moves Initiates Short Covering (Buy) @ 15650
If the Nifty futures share price Moves Above 15728 and sustain. Then you should Buy with 1st Target of 15760 during the day with a Stop Loss of 15680 FOR the Target of 15760-15795- 15830
If the Nifty futures share price Moves Below 15680 and sustained. Then you should Sell with the 1st Target of 15645 during the day with a Stop Loss of 15728. FOR the Target of 15645- 15616 -15578
Bank Nifty Prediction for Tomorrow, 13 July
Primary Trend of Bank Nifty Futures: Mild Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35550, whereas All Down Moves Initiates Short Covering (Buy) @ 35150
Suppose the Bank Nifty futures Moves Above 35455 and sustain, then you should Buy with the 1st Target of 35545 during the day with a Stop Loss of 35215. FOR the Target of 35545 – 35650 – 35760
If the Bank Nifty futures Moves Below 35215 and sustained, then you should Sell with the 1st Target of 35130 during the day with a Stop Loss of 35455. FOR the Target of 35130 – 35027 – 34930
Global markets today
On the global front, Asian markets closed in the green as China cuts reserve requirements for the banks. European market indexes are trading lower on Monday as investors are selling economically sensitive stocks on worries that the spread of new Covid-19 variants can stall the global economic recovery. The US future indexes are trading mixed, Dow future is trading lower whereas Nasdaq future is trading marginally higher at this moment at 4.30 pm IST.
Conclusions
Indian markets opened strong today amid positive global cues but could not sustain at a higher level. Markets erased all intraday gains in the last hour, Nifty closed below 15700 levels. Traders were cautious ahead of the CPI and IIP data that was expected after market hours.
As per the data released by the Ministry of Statistics & Program Implementation (MoSPI) at 5.30 pm, the country’s CPI-based retail inflation slightly eased to 6.26 percent in June as compared to 6.30 percent in May. The factory output data measured in terms of the Index of Industrial Production (IIP) grew by 29.27 percent in May
You can also follow our Daily Morning Report and Nifty and Bank Nifty prediction for tomorrow 13 July.
Also read, Nifty and Bank Nifty levels for next week ( 12- 16 July)
5 Best Stock Market Books- Beginners Must Read in 2021
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