Nifty and Bank Nifty Prediction for Tomorrow 14 June 2023
Nifty and Bank Nifty Prediction for Tomorrow 14 June 2023: Indian stock market indexes closed higher on Tuesday amid strong economic data and positive global cues. The domestic indices extended their early gains and closed near the day high. Barring the auto index, all other sectoral indices closed in the green, with Nifty realty, media, FMCG, and pharma gaining the most.
The market breadth was positive, on NSE 1242 shares were advanced while 831 shares declined on Tuesday. The broader markets outperformed the benchmarks, as Nifty mid and smallcap indices closed higher by 1.22 percent and 0.70 percent respectively. At the close, Sensex and Nifty advanced 0.67 percent and 0.62 percent respectively. You can read the detailed market updates here.
Nifty and Bank Nifty futures price movement for 13 June
The Nifty futures price opened at 18735.35, making a higher opening of 52.35 points. It has touched an intraday high of 18783 and a day’s low of 18721
The Nifty futures price has given a movement of 62 points. In the end, it closed higher by 95 points or 0.51 percent and ended at 18778 levels.
The Bank Nifty futures opened at 44050 It made a negative opening of 47.55 points. The Bank Nifty futures touched an intraday high at 44247 and a day’s low at 44048
During the day, the Bank Nifty futures have given a movement of 199 points. In the end, it closed higher by 132.45 points or 0.30 percent and closed at 44230 levels.
Nifty & Bank Nifty Prediction for Tomorrow 14 June 2023
Nifty Futures Prediction for Tomorrow 14 June 2023
Primary Trend in Nifty Futures: Mild Positive
Range-Bound Trend of Nifty Futures: All up Moves can Initiates Profit Booking @ 18840 whereas All Down Moves can Initiate Short Covering @ 18700
If the Nifty futures Moves Above 18812 and sustains. Then Nifty futures can hit a 1st Target of 18840 during the day with a Stop Loss of 18775. In a day it could trade for the target of 18840- 18885- 18927 levels.
If the Nifty futures (June Series) share price Moves Below 18735 and is sustained. Then Nifty futures can see a 1st Target of 18710 levels for the day with a Stop Loss of 18760 In a day it could trade for the target of 18710- 18685 – 18650 levels.
If you want Live trading views for Nifty, Bank Nifty, Stocks Futures & Options, and Global/Domestic market happenings then join our Telegram Channel – https://t.me/nifty50stocks1
Bank Nifty Futures Prediction for Tomorrow 14 June 2023
Primary Trend in Bank Nifty Futures: Mild Positive
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44550 whereas All Down Moves can Initiate Short Covering @ 44050
Suppose the Bank Nifty futures Moves Above 44415 and sustain, then you could see a 1st Target of 44490 during the day with a Stop Loss of 44285. During the day Bank Nifty futures could trade for the target of 44490- 44550- 44640
If the Bank Nifty futures (June Series) Moves Below 44020 and sustain, then you could see a 1st Target of 43950 levels in a day with a Stop Loss of 44130. During the day Bank Nifty futures could trade for the target of 43950- 43860- 43750
Did you know that with Upstox Options Strategy Builder, you can create an option strategy? You can also try the ready-made options strategy absolutely Free. Click here to Open Free Trading and Demat Account and get Life Time Demat AMC Free and Rs 20 flat Brokerage.
Global Stock Market Updates
On the global front, the Asian stock market indexes closed higher on Tuesday, ahead of big data released during the week. Traders are waiting for US inflation data later in the day, which is expected to decline, as per New York Fed survey data. The Asian market sentiments improved after the central bank of China lowered a short-term policy lending rate in a bid to restore market confidence.
Japan’s Nikkei was the start performer again touching a new high in 2023. Hang Seng erased early losses and ended with decent gains, as tech giants rallied. Shanghai Index erased early losses and closed in the green, as People Bank of China (PBoC) cut a short-term lending rate suggesting more easing soon. Kospi, Taiwan, and SET Composite also closed higher on Tuesday.
European stocks market indexes trimmed their early gains and are trading flat on Tuesday, as traders remain cautious ahead of the US inflation data. In the UK, the latest data showed that the unemployment rate fell lower than the expectation in the first quarter of 2023, while wage growth also strengthen. In the US future indexes, Dow is trading flat while the Nasdaq future is trading higher at this moment.
Conclusion
Indian stock markets gained for the second consecutive session on Tuesday, supported by positive cues from US and China. Going ahead traders will be closely watching the US inflation data, expected later in the day, to gauge the Federal Reserves interest rate decision on Wednesday. You can follow our Daily Morning Report at 7.30 am for market direction.
Also, read Best Options Trading Books in India-Must Read 2022
Stock Market Prediction Next week 12-16 June 2023
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow 14 June 2023” please share it with 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 for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com 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. Nifty50stocks.com 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.
