Nifty and Bank Nifty Prediction for Tomorrow 15 Feb 2022
Nifty and Bank Nifty Prediction for Tomorrow 15 Feb 2022: Indian equity markets opened lower on Monday amid negative global market cues. The market sentiment was negative due to escalated geopolitical tension, bank fraud news, and weak IIP data. However, traders overlooked the ease in WPI number released during the markets.
It was a broad-based selling in the markets today across all sectors. In the end, the key benchmark indices extended their Friday’s losses and closed 3 percent lower today. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 14 February (Feb Expiry)
The Nifty futures price opened at 17129, making a negative opening of 226.8 points. It has touched an intraday high of 17129 and a day’s low at 16801
The Nifty futures price has given a movement of 328 points today. In the end, it declined 546.80 points or 3.15 percent and ended at 16809 levels.
The Bank Nifty futures opened at 37725.25, It made a negative opening of 792.5 points. The Bank Nifty futures has touched an intraday high at 37999 and a day’s low at 36807.60
During the day, the Bank Nifty futures has given a movement of 1191.4 points. In the end, it closed lower by 1692.5 points or 4.39 percent and closed at 36825 levels.
Nifty & Bank Nifty Prediction for Tomorrow 15 Feb 2022 (Feb Expiry)
Nifty Futures Prediction for 15 Feb 2022
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 16850 whereas All Down Moves Initiates Short Covering (Buy) @ 16600
If the Nifty futures share price Moves Above 16852 and sustain. Then you should Buy with 1st Target of 16902 during the day with a Stop Loss of 16815 FOR the Target of 16902- 16962- 16995- 17030
If the Nifty futures share price Moves Below 16765 and is sustained. Then you should Sell with the 1st Target of 16715 the day with a Stop Loss of 16802. FOR the Target of 16715- 16670- 16615- 16555
Bank Nifty Futures Prediction for 15 Feb 2022
Primary Trend of Bank Nifty Futures: Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37400 whereas All Down Moves Initiates Short Covering (Buy) @ 36200
Suppose the Bank Nifty futures Moves Above 37100 and sustain, then you should Buy with the 1st Target of 37185 during the day with a Stop Loss of 36970 the Target of 37185 – 37290 – 37430- 37515
If the Bank Nifty futures Moves Below 36590 and sustain, then you should Sell with the 1st Target of 36450 during the day with a Stop Loss of 36785. FOR the Target of 36450 – 36345 – 36260- 36155
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Global Stock Markets today
On the global front, the other Asian stock markets closed lower as oil prices rallied on Monday after the United States warned that Russia will attack Ukraine in a matter of days, as diplomatic efforts to prevent the war appeared to fail. The news comes amid high inflation and the prospect of aggressive Fed’s interest rate hikes dented the market sentiments globally.
European markets opened gap-down and are trading in the deep red on fears Russia could invade Ukraine at any moment, with travel stocks down sharply and oil prices rising. The US future indexes, Dow and Nasdaq futures are trading in the red at this moment at 5 pm IST.
Conclusion
The WPI inflation eased from 13.56 percent to 12.96 percent in January whereas the CPI inflation came slightly above the RBI comfort zone at 6.01 percent in January. It was 5.59 percent in the previous and January month’s expectation was 6 percent.
Indian stocks market indexes fell sharply today due to the geopolitical tension and surges in crude oil prices. The key benchmark closed 3 percent down, Nifty closed below the psychological 17000 levels. Technically Nifty and Bank Nifty are looking negative at this point, traders need to remain cautious and trade with strict stop loss.
Also read: Best Options Trading Books in India-Must Read 2021
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
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