Nifty and Bank Nifty futures prediction for 18th Aug

 

Indian markets opened in a strong note as indicated by the Asian markets in the morning but could not sustain for long. Within a few minutes of trade, markets erased all early gains and traded volatile in short-range. Bank Nifty traded in the negative zone throughout the day and later in the last hour, it recovered and closed in positive.

You can read the complete market updates for 17th August here

 

Nifty and Bank Nifty futures today

 

The NSE Nifty index in futures opened at 11272.65, and it made a positive opening of 85.95 points today. It has touched an intraday high at 11282 and a day’s low at 11155.35

The NSE Nifty index in futures has given a movement of 126.65 points. In the end, it gained by 94.3 points or 0.84% and closed at 11281 levels.

The NSE Bank Nifty index in futures opened at 21900. It was made a gap up opening of 231.2 points today. It has touched an intraday high at 21925 and a day’s low at 21394

During the day, the NSE Bank Nifty index in futures has given a movement of 531 points. In the end, it gained by 116.2 points or 0.54% and closed at 21785 levels

 

Nifty, Bank Nifty futures prediction for 18th Aug (Aug Expiry)

 

NSE Nifty futures prediction for 18th Aug 2020

Primary Nifty Trend in futures: Mild Positive

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit booking (Sale) @ 11370 whereas All Down Moves Initiates Short Covering (Buy) @ 11210

Suppose Nifty futures Moves Above 11310 and sustain. Then you should Buy with 1st Target of 11329 during the day with a Stop Loss of 11232. FOR the Target of 11329- 11348- 11370

Suppose Nifty futures Moves Below 11238 and sustain. Then you should Sell with 1st Target of 11216 during the day with a Stop Loss of 11310. FOR the Target of 11216- 11197- 11158.

 

 

NSE Bank Nifty futures prediction, 18th Aug  2020

Primary Trend of Bank Nifty Futures: Mild Positive

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 22200, whereas All Down Moves Initiates Short  Covering (Buy) @ 21550

If the Bank Nifty futures Moves Above 21860 and sustain. Then you should Buy with 1st Target of 22018 during the day with a Stop Loss of  21580. FOR the Target of 22018 – 22175- 22490

Suppose the Bank Nifty futures Moves Below 21580 and sustained. Then you should Sell with 1st Target of 21470 during the day with a Stop Loss of 21860. FOR the Target of 21470 – 21320- 21170.

 

Conclusions:

Indian market is looking positive but will trade in range-bound in the absence of any major trigger on the domestic front. Tomorrow the market will open as per the global cues. 

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