Nifty | Bank Nifty futures prediction for 5 March 2021

 

Nifty & Bank Nifty futures closed lower due to global weakness | market prediction for 5 March

 

Nifty & Bank Nifty futures for 5 March: Indian stock markets made a pessimistic start today amid weakness in the global markets. The key benchmark indices continued to trade under pressure throughout the day due to a surge in bond yields overseas. Both Sensex and Nifty traded below their crucial 51000 and 15100 marks on the back of selling pressure in the Banking, Finance, Metals sectors. In the end, markets closed in the red today.

On the global front, Asian markets were closed in the red today as investors were cautious due to the renewed concerns over bond yields. The overnight negative cues from Wall Street have also damped the Asain market sentiments today. The European markets are trading in the red due to the return of the rising bond yields. The US futures market Dow and Nasdaq futures are trading marginally lower at this time ( 4 pm IST)

 

Share market index today

 

At the close, Nifty fell 164.85 points or 1.08%  at 15080.75 while Sensex slipped 598.57 points or 1.16% and closed at 50846.08. The Bank nifty on the spot price was down 565.55 points or 1.55% and ended at 35802.50 levels.

The Nifty midcap and smallcap 100 indices outperformed the benchmark indices today. The Nifty midcap gained 119.90 points or 0.49% and closed at 24608.35 levels. The Nifty smallcap was up by 98.60 points or 1.17% and ended at 8499.35 levels.

The top five gainers in the Nifty50 index for the day were Ultratech Cement, Shree Cement, Adani Ports, Grasim, and Dr. Reddy’s Lab. The top five losers in the Nifty50 index were JSW Steel, Hindalco, HDFC, Tata Motors, and Bajaj Finserve. The most active stocks in the Nifty50 index for the day were Adani Ports, Reliance, and Tata Motors.

On the sectoral front, the sectors that closed in the green were Media, Logistics, Power, and Real Estate. The sectors that dragged down the market were Banking, Finance, Metals, Oil & Gas, IT & Software, and Telecom.

 

Nifty & Bank Nifty futures today

 

The Nifty futures share price opened at 15047.95 made a gap down opening of 250.9 points. It has touched an intraday high at 15235 and a day’s low at 14992.10

The Nifty futures share price has given a movement of 242.9 points. In the end, it fell 190.85 points or 1.25 % and closed at 15108 levels.

The Bank Nifty futures share price opened at 35726.25 It made a negative opening of 765.5 points today. It has touched an intraday high at 36421.25 and a day’s low at 35530

During the day, the Bank Nifty futures share price has given a movement of 891.25 points. In the end, it declined by 606.55 points or 1.66%, and closed at 35885.20 levels.

 

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Nifty & Bank Nifty futures prediction for tomorrow 5 March ( March Expiry)

Nifty futures prediction for tomorrow 5 March 2021

Primary Nifty Trend in futures: Mild Negative

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15200 whereas All Down Moves Initiates Short Covering (Buy) @ 15000

If the Nifty futures share price Moves Above 15172 and sustain. Then you should Buy with 1st Target of 15202 during the day with a Stop Loss of 15080  FOR the Target of 15202-15235- 15280

If the Nifty futures share price Moves Below 15080 and sustain. Then you should Sell with the 1st Target of 15046 during the day with a Stop Loss of 15172. FOR the Target of 15046- 15008 -14985

 

Bank Nifty futures prediction for tomorrow 5 March 2021

Primary Trend of  Bank Nifty Futures: Mild Negative

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36350, whereas All Down Moves Initiates Short  Covering (Buy) @ 35500

Suppose Bank nifty share price in futures Moves Above 35946 and sustain, then you should Buy with the 1st Target of 36150 during the day with a Stop Loss of  35700. FOR the Target of 36150 – 36360 – 36590

If Bank nifty share price in the futures Moves Below 35700 and sustained, then you should Sell with the 1st Target of 35470 during the day with a Stop Loss of 35946. FOR the Target of 35470 – 35260 – 35056

 

Conclusions: 

 

Indian stock markets closed lower due to the weakness in the global markets. High volatility in the global markets is due to the rising bond yields and fear of inflation. Indian markets in absence of any domestic cues will trade as per the global cues. The volatility in the market may continue a few more days until there is stability in the bond yields.

Traders/investors can follow our Daily Morning market views and can follow our Nifty and Bank Nifty futures prediction for tomorrow for 5 March 2021.

 

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