Nifty & Bank Nifty Prediction Tomorrow 19 July 2022
Nifty and Bank Nifty Prediction for Tomorrow 19 July 2022: Indian equity markets made a gap-up opening on Monday amid positive global cues. The market sentiments were positive as investors’ expectations of an aggressive interest rate hike from the US Fed have reduced. The Indian benchmark indices extended their early gains today on the back of buying in IT, Banking, and Financial stocks and ended near the day’s high.
The broader markets also gained in line with their larger peers. In the end, the key indexes Sensex and Nifty closed higher by 1.41 percent and 1.43 percent respectively. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 18 July (July Expiry)
The Nifty futures price opened at 16199, making a positive opening of 130.7 points today. It has touched an intraday high of 16520 ( it was a spike, the rate was not seen on the screen) and a day’s low of 16170.45
The Nifty futures price has given a movement of 349.55 points today. In the end, it closed higher by 244.65 points or 1.52 percent and ended at 16312.95 levels.
The Bank Nifty futures opened at 35690 ( a spike, the rate was not seen on the screen at the opening) It made a positive opening of 907.7 points. The Bank Nifty futures has touched an intraday high at 35690 and a day’s low at 34887.10
During the day, the Bank Nifty futures has given a movement of 802.9 points. In the end, it closed higher by 652.70 points or 1.88 percent and closed at 35435 levels.
Nifty & Bank Nifty Prediction for Tomorrow 19 July 2022 (July Expiry)
Nifty Futures Prediction for Tomorrow 19 July 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 16450 whereas All Down Moves Initiates Short Covering (Buy) @ 16200
If the Nifty futures share price Moves Above 16354 and sustain. Then you should Buy with 1st Target of 16382 during the day with a Stop Loss of 16306 FOR the Target of 16382- 16426- 16455- 16502
If the Nifty futures share price Moves Below 16270 and is sustained. Then you should Sell with the 1st Target of 16223 for the day with a Stop Loss of 16295. FOR the Target of 16223- 16190- 16147- 16085
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Bank Nifty Futures Prediction for Tomorrow 19 July 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35800 whereas All Down Moves Initiates Short Covering (Buy) @ 35150
Suppose the Bank Nifty futures Moves Above 35555 and sustain, then you should Buy with the 1st Target of 35703 during the day with a Stop Loss of 35400 and the Target of 35703- 35860- 36000- 36130
If the Bank Nifty futures Moves Below 35275 and sustain, then you should Sell with the 1st Target of 35130 the day with a Stop Loss of 35350. FOR the Target of 35130 – 34980 – 34860 – 34740
Global Stock Markets today
On the global front, the other Asian markets were closed higher on Monday following positive cues from Wall Street, as the fear of aggressive interest rate hikes by the Fed has reduced. Nikkei was not trading today due to a holiday. China’s Shanghai gained today as financials and property developers’ shares led the gains after regulators stepped up their efforts to encourage lenders to extend loans to qualified real estate projects. The heavy buying in Tech shares lifted the Hang Seng today.
European markets are trading higher on Monday tracking the positive cues from their Asian peers, investors are now eyeing the European Central Bank Policy meeting scheduled on Thursday. The US futures indexes, Dow, and Nasdaq futures are trading more than 1 percent higher at this moment at 5 pm IST
Conclusion
Indian markets closed higher for the second consecutive session. The markets witnessed gains on the back of buying in beaten-down IT stocks. The positive global cues and the progress in the monsoon supported the markets today. Global cues are strong, Indian markets are also looking positive and we may see a further up move from here tomorrow.
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