Nifty | Bank Nifty Prediction for Tomorrow, 14 Dec 2021
Nifty and Bank Nifty Prediction for Tomorrow, 14 Dec 2021: Indian equity benchmark indexes opened higher on Monday tracking positive cues from the global markets. The markets turned negative in the afternoon session on the back of selling in the PSU Banks, Realty, and Media sectors. The broader markets also closed marginally lower in the last hour. In the end, the benchmark indices closed almost a percent lower today. You can read the complete market updates here
Nifty and Nifty Bank futures price movement for 13 Dec (Dec Expiry)
The Nifty futures price opened at 17637.65, making a positive opening of 78.3 points. It has touched an intraday high at 17688 and a day’s low at 17404.25
The Nifty futures price has given a movement of 283.75 points today. In the end, it declined 97.35 points or 0.55 percent and ended at 17462 levels.
The Bank Nifty futures opened at 37500. It made a positive opening of 253.7 points today. It has touched an intraday high at 37717 and a day’s low at 37025
During the day, the Bank Nifty futures has given a movement of 692 points. In the end, it closed lower by 76.30 points or 0.20 percent and closed at 37170 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 14 Dec 2021 (Dec Expiry)
Nifty Futures prediction for Tomorrow, 14 Dec 2021
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17550 whereas All Down Moves Initiates Short Covering (Buy) @ 17350
If the Nifty futures share price Moves Above 17512 and sustain. Then you should Buy with 1st Target of 17552 during the day with a Stop Loss of 17485 FOR the Target of 17552- 17584- 17620
If the Nifty futures share price Moves Below 17438 and is sustained. Then you should Sell with the 1st Target of 17415 during the day with a Stop Loss of 17465. FOR the Target of 17415- 17385- 17350.
Bank Nifty Futures prediction for Tomorrow, 14 Dec 2021
Primary Trend of Bank Nifty Futures: Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37500 whereas All Down Moves Initiates Short Covering (Buy) @ 36850
Suppose the Bank Nifty futures Moves Above 37320 and sustain, then you should Buy with the 1st Target of 37470 during the day with a Stop Loss of 37225. FOR the Target of 37470 – 37550 – 37640
If the Bank Nifty futures Moves Below 37020 and sustain, then you should Sell with the 1st Target of 36955 during the day with a Stop Loss of 37130. FOR the Target of 36955 – 36860 – 36690
Global markets today
On the global front, Asian markets closed mixed on Monday as investors were cautious ahead of a busy week globally for Central Bank’s policy meet outcome. According to a survey, Japan’s service sector mood got improved whereas recovery among manufacturers stalled. Chinese artificial intelligence start-up Sense Time Group postponed its IPO today after being placed on a US investment blacklist.
European markets are trading marginally higher on Monday after taking cues from Wall Street last Friday and mixed cues from Asia. The US future indexes, Dow and Nasdaq futures are trading marginally higher at this time (5.30 PM IST).
Conclusions
Indian markets erased early gains and closed in the red on the first day of the week. The profit booking at a higher level dragged the markets today. The encouraging updates about the Omicron virus eased some pressure in the markets but traders remain cautious ahead of inflation data today and prefer to book profits in the markets.
The CPI inflation for the month of November raises to 4.91 percent as against 4.48 percent recorded in the month of October. The retail inflation data came as per the analyst’s estimates. Indian markets are likely to open as per global cues tomorrow.
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Stock Market Prediction Next Week (13 Dec- 17 Dec 2021)
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