Nifty | Bank Nifty futures prediction for 21 Jan 2021
Today’s market updates, Nifty & Bank Nifty futures prediction for tomorrow 21 Jan
Nifty & Bank Nifty futures prediction for tomorrow 21 Jan: Indian stock markets opened in the green tracking positive global cues in the morning. The markets traded above their neural line today on the back of buying frontline stocks. In the end, the benchmark indices extended their morning gains and closed on a strong note.
The Indian equity markets traders remain positive with the news that investment through participatory notes (P-notes) in the domestic capital markets rose to a 31-month high of Rs 87,132 crore at December end, reflecting the bullish stance pf FPIs.
Some additional support also came in after the Union Minister Piyush has said that the logistics team in the Ministry of Commerce and Industry is trying to integrate various means of transport, documentation, and stakeholders through the technology platform, into a much-simplified way of working, which will enhance the ease of doing business. Goyal has also said that this will truly give confidence to the business community & stakeholders in logistics that Center & States are working as a team
On the global front, Asian markets are mostly closed in the green today even after surging coronavirus cases in Japan. European markets are trading in the green today as Tech and Luxury corporates gave encouraging corporate earnings update. The US futures indices Nasdaq and Dow futures are trading in the green at this moment ( 4 pm IST)
Today’s market updates: Nifty Sensex and Bank Nifty on the spot price
At the close, Nifty gained 123.55 points or 0.86%, and at 14644.70 level while Sensex was up by 393.83 points or 0.80% and at 49792.12 levels. The Bank Nifty on the spot price gained 118.85 points or 0.37% and ended at 32543.70 level.
The Nifty midcap and smallcap indices also closed in the green today. The Nifty midcap index gained 228.04 points or 1.04% and at 22197.40 level. The smallcap index closed higher by 43.55 points or 0.59% and at 7439.20 levels.
The top five gainers in the Nifty 50 stocks for the day were Tata Motors, Adani Ports, Wipro, Maruti Suzuki, and Tech Mahindra. The top five losers in the Nifty 50 index for the day were Power Grid Corp, Shree Cements, NTPC, Cail, and SBI Life. The most active stocks in the Nifty 50 index for the day were Tata Motors, Reliance, and Bajaj Finance.
On a sectoral front, Automobiles, IT & Software, Infrastructure, Oil & Gas, and PSU Banks closed as top gainers. On the losing side Telecom, FMCG, Healthcare, Manufacturing, and Retail sectors closed marginally lower today.
Nifty & Bank Nifty futures price today
The Nifty futures share price opened at 14581, it made a positive opening of 11 points. It has touched an intraday high at 14670.45 and a day’s low at 14524.10
The Nifty futures share price has given a movement of 146.35 points. In the end, it gained 63 points or 0.43% and closed at 14633 levels.
The Bank Nifty futures share price opened at 32426.25 It made a negative opening of 94.65 points today. It has touched an intraday high at 32664.85 and a day’s low at 32354.30
During the day, the Bank Nifty futures share price has given a movement of 310.55 points. In the end, it gained 39.1 points or 0.12% and closed at 32560 levels.
Nifty and Bank Nifty futures prediction for 21 Jan ( Jan Expiry)
Nifty futures prediction for 21 Jan 2021
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 14720 whereas All Down Moves Initiates Short Covering (Buy) @ 14570
If the Nifty futures share price Moves Above 14655 and sustain. Then you should Buy with 1st Target of 14694 during the day with a Stop Loss of 14595 FOR the Target of 14694-14725- 14745
If the Nifty futures share price Moves Below 14595 and sustain. Then you should Sell with the 1st Target of 14570 during the day with a Stop Loss of 14655. FOR the Target of 14570- 14538 -14505
Bank Nifty futures prediction, 21 Jan 2021
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 32840, whereas All Down Moves Initiates Short Covering (Buy) @ 32380
Suppose Bank Nifty futures share price Moves Above 32625 and sustain. Then you should Buy with the 1st Target of 32695 during the day with a Stop Loss of 32495. FOR the Target of 32695 – 32760- 32840
If the Bank Nifty futures share price Moves Below 32495 and sustained. Then you should Sell with the 1st Target of 32450 during the day with a Stop Loss of 32625. FOR the Target of 32450 – 32380- 32300
Conclusions:
Indian markets touched an all-time high today with the support of positive global cues. Global markets are trading higher on the expectation of a larger US stimulus package and better corporate earnings. Going ahead Indian markets will react to the Q3 earnings lined up this week and global cues.
Traders/investors can follow our Daily Morning market views and can follow our Nifty and Bank Nifty futures prediction for tomorrow 21 Jan 2021.
Also read, Two Nifty 50 Stock Recommendations for next week
Indian stock markets | Nifty, Bank Nifty for next week
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