Today’s Stock Market Prediction [ Forecast ] 5 April 2021
Today’s Market prediction: Nifty and Bank Nifty futures
Nifty futures prediction today 5 April at 11 am
Suppose Nifty fifty share price in futures Moves Above 14635 and sustain. Then you should Buy Nifty futures with 1st Target of 14675 during the day with a Stop Loss of 14480 FOR the Target of 14675-14718-14765
Suppose Nifty fifty share price in futures Moves Below 14480 and sustain. Then you should Sell with the 1st Target of 14438 during the day with a Stop Loss of 14635. FOR the Target of 14438- 14402- 14370
Bank Nifty futures prediction today 5 April at 11 am
Suppose Bank Nifty share price in the futures Moves Above 33040 and sustain. Then you should Buy Bank Nifty futures with the 1st Target of 33220 during the day with a Stop Loss of 32195. FOR the Target of 33220 – 33400- 33615
If Bank Nifty shares price in the future Moves Below 32195 and sustained. Then you should Sell with the 1st Target of 32050 during the day with a Stop Loss of 33040. FOR the Target of 32050- 31910- 31790
Market Live today 5 April: Indian stock markets are trading in the red today, Bank Nifty down more than 2 percent
Market live today 5 April: Indian stock market opened marginally lower today due to the concern about rising coronavirus cases and restrictions imposed to curb the infections. Nifty opened at 14837.70 levels, down by 29.65 points while Sensex made a negative opening of only 8.92 points at 50020.91 levels. The Bank nifty on the spot price opened at 33649.15 levels down by 208.85 points.
At 9.50 am IST, Indian stock market indices are trading in the deep red. Sensex and Nifty are trading lower by 0.80 percent and 0.67 percent respectively while Bank Nifty on the spot price is trading 2.19 percent down.
Infosys, JSW Steel, and Wipro are trading as the top gainers in the Nifty50 index whereas Bajaj Finance, IndusInd Bank, and Axis Bank are trading as top losers. The most active stocks in the Nifty50 index are Tata Steel, Tata Motors, and JSW Steel.
On a sectoral basis, IT & Software, Metals, and Healthcare sectors are trading higher whereas Banking, Finance, and Automobile sectors are trading in the red at this moment.
Today’s market prediction – Indian stock markets may open higher today
Good morning and welcome to today’s stock market prediction, 5 April at 8 am IST
Asian markets are trading positively today. Nikkei is trading higher by 0.83 percent whereas Shanghai and Hang Seng are having a holiday today. SGX nifty is trading 80 points down at 14912 levels which is higher than Thursday’s Nifty closing levels. The Indian stock market is expected to open higher today as per the cues getting from the other Asian markets.
The US markets climbed on Thursday ahead of the Good Friday holiday due to president Joe Biden’s $ 2.25 trillion infrastructure stimulus package. Investors had even ignored the rise in the weekly jobless claims. As per the monthly job data released on Friday, the US added 916000 jobs in March and the unemployment rate fell to 6 percent from 6.2 percent. The US market indices Nasdaq and S&P 500 gained 1.76 percent and 1.18 percent respectively while Dow was up by 0.52 percent on Thursday.
The European stock market indices closed higher on the last day of the week as the US massive infrastructure spending offset worries about the surges of coronavirus cases in France.
The European market indices CAC and DAX closed higher by 0.59 percent and 0.66 percent respectively while FTSE gained 0.35 percent on 1 April, Thursday.
Indian stock markets closed higher ahead of the long weekend on Thursday 1 April amid positive global cues. The Sensex and Nifty gained 1.05 percent and 1.20 percent respectively. FIIs were the buyers and DIIs were the seller in the cash market segment. FIIs bought Rs 149.41 crores whereas DIIs sold Rs 296.84 crores in the cash market segment on Thursday.
News that may influence today’s stock market prediction, 5 April
India’s GST collections hit a record of 1.24 lakh crores in March as per Union Finance Ministery said on Thursday. The GST collections for March have created a record, it remained above Rs 1 lakh crore for the sixth month in a row.
As per RBI data showed on Friday, India’s foreign exchange reserves were down by $2.986 billion to reach $579.285 billion in the week ended March 26. The country’s forex reserved had increased by $233 million to $582.271 billion in the previous week ended 19 March. As per the Economic times report India’s foreign exchange reserves made a record rise by $101.5 billion in the financial year 2020-21
The Markit manufacturing PMI data will be announced today in the morning, traders need to remain cautious, Indian markets. February months PMI was marginally down to 57.5 from a three month’s high of 57.7 in January. We expect the manufacturing PMI to come at marginally lower in March.
You can visit again to read more about stock market prediction today, 5 April after the market gets open.
You may also like to read, Nifty Fifty [NIFTY 50] & Bank Nifty futures weekly prediction
What is SGX Nifty? Can Indian trade in SGX Nifty?
Happy Investing !!
Editor’s Desk
