Nifty | Bank Nifty futures prediction for tomorrow 11 Feb
Today’s market updates || Nifty & Bank Nifty futures prediction for tomorrow 11 Feb
Nifty & Bank Nifty futures prediction for tomorrow 11 Feb: Indian stock markets opened positive today amid mixed cues from the other Asian market peers. Indian markets traded negatively most of the day as profit booking seen in the telecom and banking sectors today. In the end, the equity benchmark indices closed almost flat today.
The downside of the market remained capped as traders took some support with Agriculture Minister Narendra Sing Tomar’s statement that the government has been pursuing the target of doubling farmers’ income by 2022 and several interventions have taken are showing a positive impact. He also added that the government has adopted several developmental programs, schemes, reforms, and policies that focus on higher incomes for the farmer.
On the global front, Asian markets were closed mostly in the green due to the hopes of a large U.S fiscal stimulus, and progress in vaccination rollout encouraged a global economic recovery from the pandemic. The European markets are trading mostly higher due to upbeat earnings and U.S stimulus hopes. The US futures indices are trading marginally higher at ( 4 pm IST)
Today’s market updates- Sensex, Nifty, and Bank Nifty on the spot price
At the close, Nifty fell 2.80 points closed almost flat at 15106.50 while Sensex declined 19.69 points or 0.03% and ended at 51309.39 levels. The Bank Nifty on the spot price fell 273.40 points or 0.75% and closed at 35783.10 levels.
The Nifty midcap and smallcap outperformed the benchmark indices today. The Nifty midcap gained 179.05 points or 0.79% and closed at 22926.45 levels. The smallcap index closed higher by 57.30 points or 0.74% and ended at 7774.75 levels.
The top five gainers in the Nifty50 index were Baja Finserv, Cipla, SBI life, M&M, and HDFC Life. The top five losers in the Nifty50 index were HDFC Bank, Eicher Motors, Bharti Airtel, Tata Steel, and Britannia. The most active in the Nifty50 index were Tata Steel, Tata Motors, and SBI.
On a sectoral front, Consumer Durable, Finance, Automobiles, Insurance, and Real Estate sectors closed higher. On the losing side, Telecom, Banking, Infrastructure, Manufacturing, and Capital Goods sectors closed in the red today.
Nifty & Bank Nifty futures price today
The Nifty futures share price opened at 15105 made a flat opening of just 0.75 points down. It has touched an intraday high at 15170 and a day’s low at 14984
The Nifty futures share price has given a movement of 186 points. In the end, it gained 55.5 points or 0.37% and closed at 15161.25 levels.
The Bank Nifty futures share price opened at 35960 It made a negative opening of 85.95 points today. It has touched an intraday high at 36253 and a day’s low at 35462.75
During the day, the Bank Nifty futures share price has given a movement of 790.25 points. In the end, it closed marginally lower by just 42 points or 0.12% and closed at 36003.95 levels.
Nifty and Bank Nifty futures prediction for tomorrow 11 Feb ( Feb Expiry)
Nifty futures prediction 11 Feb 2021
Primary Nifty Trend in futures: Mild Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15250 whereas All Down Moves Initiates Short Covering (Buy) @ 15000
If the Nifty futures share price Moves Above 15252 and sustain. Then you should Buy with 1st Target of 15292 during the day with a Stop Loss of 15105 FOR the Target of 15292-15324- 15348
If the Nifty futures share price Moves Below 15105 and sustain. Then you should Sell with the 1st Target of 15072 during the day with a Stop Loss of 15252. FOR the Target of 15072- 15040 -14985
Bank Nifty futures prediction for 11 Feb 2021
Primary Trend of Bank Nifty Futures: Mild Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36350, whereas All Down Moves Initiates Short Covering (Buy) @ 35300
Suppose Bank Nifty futures share price Moves Above 36140 and sustain. Then you should Buy with the 1st Target of 36348 during the day with a Stop Loss of 35905. FOR the Target of 36348 – 36520- 36690
If the Bank Nifty futures share price Moves Below 35905 and sustained. Then you should Sell with the 1st Target of 35730 during the day with a Stop Loss of 36140. FOR the Target of 35730 – 35560- 35340
Conclusions:
Indian stock markets ended on a flat note after a volatile trading session today. The midcap and smallcap sectors outperformed the benchmark indices today. A healthy correction would be a good opportunity to accumulate quality stocks.
Traders/investors can follow our Daily Morning market views and can follow our Nifty and Bank Nifty futures prediction for 11 Feb 2021.
Also read, Intraday Trading books to make money from Stock Markets
Nifty | Bank Nifty futures prediction for the week (8-12 Feb)
If you like the post please share it with your friends and others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and not that of the website or its management. Nifty50Stocks.com is not SEBI registered Advisors and advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or the results obtained from the use of such information. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
