Nifty | Bank Nifty Prediction for Tomorrow, 15 Dec 2021
Nifty and Bank Nifty Prediction for Tomorrow, 15 Dec 2021: Indian stock market indexes opened lower on Tuesday amid weak global cues. The rising cases of new covid variants and weak economic data hit market sentiments today. Domestic market indices traded lower in today’s session on the back of selling in Financial Services, Metals, Realty, and Oil & Gas counters.
In the afternoon trading session, the equity benchmark indexes tried to recover their losses but could not do so. The downside of the markets remained capped as estimates by the Export-import Bank of India showed that India’s merchandise exports are expected to grow by 51 percent to about $303.98 billion in nine months ending December 2021 over the same period in 2020.
Nifty and Nifty Bank futures price movement for 14 Dec (Dec Expiry)
The Nifty futures price opened at 17340, making a negative opening of 106.85 points. It has touched an intraday high at 17424 and a day’s low at 17230
The Nifty futures price has given a movement of 194 points today. In the end, it declined 96.85 points or 0.56 percent and ended at 17350 levels.
The Bank Nifty futures opened at 36922.25. It made a negative opening of 223 points today. It has touched an intraday high at 37200 and a day’s low at 36648.95
During the day, the Bank Nifty futures has given a movement of 551.05 points. In the end, it closed lower by 120.25 points or 0.32 percent and closed at 37025 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 15 Dec 2021 (Dec Expiry)
Nifty Futures prediction for Tomorrow, 15 Dec 2021
Primary Nifty Trend in futures: Negative & Volatile
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17420 whereas All Down Moves Initiates Short Covering (Buy) @ 17200
If the Nifty futures share price Moves Above 17377 and sustain. Then you should Buy with 1st Target of 17394 during the day with a Stop Loss of 17344 FOR the Target of 17394- 17423- 17449
If the Nifty futures share price Moves Below 17295 and is sustained. Then you should Sell with the 1st Target of 17255 during the day with a Stop Loss of 17325. FOR the Target of 17255- 17226- 17204
Bank Nifty Futures prediction for Tomorrow, 15 Dec 2021
Primary Trend of Bank Nifty Futures: Negative & Volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37400 whereas All Down Moves Initiates Short Covering (Buy) @ 36750
Suppose the Bank Nifty futures Moves Above 37135 and sustain, then you should Buy with the 1st Target of 37210 during the day with a Stop Loss of 37040. FOR the Target of 37210 – 37330 – 37470
If the Bank Nifty futures Moves Below 36960 and sustain, then you should Sell with the 1st Target of 36860 during the day with a Stop Loss of 37026. FOR the Target of 36860 – 36740 – 36665
Global markets today
On the global front, Asian markets were mostly closed in the red, and oil prices slipped on Tuesday as the traders were nervous due to the spread of the new covid variants. Traders were also worried about the outcome of the US Federal Reserve policy expected later this week.
European markets are trading in the red on Tuesday, UK shares rebound after the strong job data reported for the month of November. The US markets are trading mixed at this moment at 8.20 pm IST ahead of the Fed meeting.
Conclusions
Indian markets traded below their neutral lines today amid weak global cues. Global market sentiments are nervous ahead of the Central Bank’s Monetary Policy and on surging Omicron virus. Indian markets are likely to remain volatile this week.
Traders should remain cautious in the coming two days and trade with strict stop loss. Weak traders should stay away from the market in the remaining days of the week.
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