Nifty | Bank Nifty Prediction for Tomorrow 22 April 2022
Nifty & Bank Nifty Prediction for Tomorrow 22 April 2022: Indian markets made an optimistic start on Thursday amid positive cues from the Asian markets. The domestic markets extended their early gains on the back of buying Auto, Financial Services, and IT stocks. The positive cues from the global markets and buying witnessed in heavyweight stocks have supported the Indian markets to trade higher.
The broader markets also closed higher in line with their larger peers. At the close, the benchmark indices gained around 1.5 percent today. You can read the detailed market updates here.
Nifty and Nifty Bank futures price movement for 21 April (April Expiry)
The Nifty futures price opened at 17239.95, making a positive opening of 77.25 points. It has touched an intraday high of 17439 and a day’s low of 17222
The Nifty futures price has given a movement of 217 points today. In the end, it closed higher by 251.30 points or 1.46 percent and ended at 17414 levels.
The Bank Nifty futures opened at 36599.90, It made a positive opening of 177.4 points. The Bank Nifty futures has touched an intraday high at 37050 and a day’s low at 36477.95
During the day, the Bank Nifty futures has given a movement of 572.05 points. In the end, it closed higher by 612.50 points or 1.68 percent and closed at 37035 levels.
Nifty & Bank Nifty Prediction for Tomorrow 22 April 2022 (April Expiry)
Nifty Futures Prediction for Tomorrow 22 April 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17550 whereas All Down Moves Initiates Short Covering (Buy) @ 17300
If the Nifty futures share price Moves Above 17456 and sustain. Then you should Buy with 1st Target of 17484 during the day with a Stop Loss of 17418 FOR the Target of 17484- 17527 – 17578- 17616
If the Nifty futures share price Moves Below 17380 and is sustained. Then you should Sell with the 1st Target of 17350 for the day with a Stop Loss of 17405. FOR the Target of 17350-17307- 17285- 17240
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Bank Nifty Futures Prediction for Tomorrow 22 April 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37500 whereas All Down Moves Initiates Short Covering (Buy) @ 36800
Suppose the Bank Nifty futures Moves Above 37165 and sustain, then you should Buy with the 1st Target of 37405 during the day with a Stop Loss of 37050 the Target of 37405- 37490- 37580- 37670
If the Bank Nifty futures Moves Below 36930 and sustain, then you should Sell with the 1st Target of 36812 the day with a Stop Loss of 37020. FOR the Target of 36812 – 36704 – 36635 – 36475
Global Stock Markets today
On the global front, the other Asian markets were mostly closed in the green on Thursday. Shanghai, Hang Seng, and Taiwan closed lower as worries over China’s slowing economy and covid supply chain disruption dominated trading. Fears of higher crude oil prices also weighed though a dip in US treasury yields supported the markets, Chinese and Hong Kong shares hit months low due to covid and geopolitical tension.
European markets are trading higher on Thursday as investors digested the mixed earnings and took positive cues from US futures markets. The US future indexes, Dow, and Nasdaq futures are trading higher at this moment at 5 pm IST, indicating a positive opening for the US markets today.
Conclusion
Indian equity markets gained consecutively for the second trading session. The Indian markets gain despite the strong selling pressure from the FIIs side. Investors bet on beaten-down IT and Banking stocks which corrected heavily in the recent fall. Going ahead, uncertainty remains in the market due to higher inflation, geopolitical tensions, and rising covid cases. Investors should remain cautious and trade with trailing stop loss.
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