Nifty | Bank Nifty Prediction for Tomorrow, 18 Jan 2022
Nifty and Bank Nifty Prediction for Tomorrow, 18 Jan 2022: Indian equity market indices opened in the red on Monday as indicated by the SGX Nifty in the morning. The markets turned in the green immediately after a few minutes of trading, on the back of buying in the auto, power, and realty stocks.
The key benchmark indices traded above their neutral lines most of the day. The broader markets also performed in line with their larger peers, as Nifty midcap and smallcap indexes closed in the positive today. You can read the detailed market updates here.
Nifty and Nifty Bank futures price movement for 17 Jan (Jan Expiry)
The Nifty futures price opened at 18248, making a negative opening of 47 points. It has touched an intraday high at 18350 and a day’s low at 18234.50
The Nifty futures price has given a movement of 115.5 points today. In the end, it gained 44.90 points or 0.25 percent and ended at 18339.90 levels.
The Bank Nifty futures opened at 38283, It made a negative opening of 208.1 points today. It has touched an intraday high at 38714.90 and a day’s low at 38251
During the day, the Bank Nifty futures has given a movement of 463.9 points. In the end, it closed lower by 130.05 points or 0.34 percent and closed at 38361.05 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 18 Jan 2022 (Jan Expiry)
Nifty Futures prediction for Tomorrow, 18 Jan 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18410 whereas All Down Moves Initiates Short Covering (Buy) @ 18280
If the Nifty futures share price Moves Above 18374 and sustain. Then you should Buy with 1st Target of 18409 during the day with a Stop Loss of 18345 FOR the Target of 18409- 18445- 18480
If the Nifty futures share price Moves Below 18315 and is sustained. Then you should Sell with the 1st Target of 18275 during the day with a Stop Loss of 18335. FOR the Target of 18275- 18255- 18226
Bank Nifty Futures prediction for Tomorrow, 18 Jan 2022
Primary Trend of Bank Nifty Futures: Mild Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38550 whereas All Down Moves Initiates Short Covering (Buy) @ 37950
Suppose the Bank Nifty futures Moves Above 38480 and sustain, then you should Buy with the 1st Target of 38570 during the day with a Stop Loss of 38410 the Target of 38570 – 38705 – 38825
If the Bank Nifty futures Moves Below 38180 and sustain, then you should Sell with the 1st Target of 38120 during the day with a Stop Loss of 38285. FOR the Target of 38120 – 37975 – 37765
Electronic Accessories – Amazon Blockbuster Deals | Up to 70% OFFGlobal markets today
On the global front, Asian markets mostly closed higher on Monday as investors cheered the better than expected China’s GDP data released today. China’s economy grew at 8.1% in 2021 as compared to the previous year. However, retail sales data missed the expectation, growing at the rate of 1.7% in December, below the market expert’s expectations.
European markets trading higher following mixed cues from Asian markets and on corporate news. Investors now have a close eye on the corporate news of Unilever’s attempts to buy the consumer health division of GSK. The US future indexes, Dow and Nasdaq futures are trading in the green at this moment at 5 PM IST.
Conclusions
Indian stock markets started the week on a positive note. Today the markets opened negative amid mixed global cues but immediately turned positive and traded positively. Technically market is bullish, and Nifty is marching forward all-time high. Going ahead, the Q3 corporate earnings and global cues will set the market directions this week in absence of any major events.
Also read: Stock Market Prediction next week (17 Jan – 21 Jan 2022)
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