Nifty and Bank Nifty Prediction for Tomorrow 25 Nov 2022
Nifty and Bank Nifty Prediction for Tomorrow 25 Nov 2022: Indian equity markets ended with strong gains after the last-hour rally on Thursday. The market sentiments were upbeat due to the positive global cues, as investors cheered after the FOMC minutes, which indicated the possibility of a slowdown in interest rate hikes and more stimulus announcements in China. Barring Consumer Durables all other sectoral indices closed in the green, led by IT, Oil & Gas, Financials, and Banking.
The market breadth was positive today. The Sensex hit a fresh all-time high at 62412.33 levels while the Nifty hits a 52-week high today at 18529.70. The broader markets underperformed as compared with their larger peers, as Nifty mid and smallcap indexes gained 0.44 percent and 0.51 percent respectively. At the close, the Sensex gained 1.24 percent and 1.19 percent respectively. You can read detailed market updates here.
Nifty and Bank Nifty futures price movement for Nov 24 (Nov Expiry)
The Nifty futures price opened at 18310 making a positive opening of 23.25 points today. It has touched an intraday high of 18487.75 and a day’s low of 18297.15
The Nifty futures price has given a movement of 218.75 points today. In the end, it closed higher by 199.90 points or 1.09 percent and ended at 18486.65 levels.
The Bank Nifty futures opened at 42850 It made a positive opening of 103.35 points. The Bank Nifty futures touched an intraday high at 43090 and a day’s low at 42750
During the day, the Bank Nifty futures have given a movement of 340 points. In the end, it closed higher by 333.35 points or 0.78 percent and closed at 43080 levels.
Nifty & Bank Nifty Prediction for Tomorrow 25 Nov 2022 (Dec Expiry)
Nifty Futures Prediction for Tomorrow 25 Nov 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18700 whereas All Down Moves Initiates Short Covering (Buy) @ 18450
If the Nifty futures (Dec Series) share price Moves Above 18558 and sustains. Then you should Buy with 1st Target of 18592 during the day with a Stop Loss of 18490 FOR the Target of 18592- 18630- 18662- 18700
If the Nifty futures (Dec Series) share price Moves Below 18430 and is sustained. Then you should Sell with the 1st Target of 18395 for the day with a Stop Loss of 18465. For the Target of 18395- 18365- 18335- 18290
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Bank Nifty Futures Prediction for Tomorrow 25 Nov 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 43600 whereas All Down Moves Initiates Short Covering (Buy) @ 43000
Suppose the Bank Nifty futures (Dec Series) Moves Above 43300 and sustain, then you should Buy with the 1st Target of 43415 during the day with a Stop Loss of 43090 and the Target of 43415- 43530 – 43605- 43720
If the Bank Nifty futures (Dec Series) Moves Below 42900 and sustain, then you should Sell with the 1st Target of 42675 the day with a Stop Loss of 43050. For the Target of 42675- 42560- 42470- 42380
Global Stock Market Updates
On the global front, Asian stock market indexes rallied on Thursday following the positive cues from Wall Street overnight. Investors cheered on the hopes that the US Fed would ease on its aggressive interest rate hikes in its next policy and on the news of fresh economic stimulus from China.
Japan’s Nikkei index gained despite the latest data showing manufacturing activity contracted at its fastest pace in two years in November. China’s Shanghai composite erased all early gains and closed lower as traders were concerned about surging covid-19 cases in various paces. Hang Seng index closed in the green today.
European benchmark indices are trading higher on Thursday taking positive cues from Wall Street and Asian markets overnight. However, the upside is limited as there are surges in covid cases in China and due to thin volume on account of the Thanksgiving holiday in the US. The US stock markets will remain closed today due to Thanksgiving Day and tomorrow will trade for half day.
Conclusion
The Indian equity benchmarks, Sensex and Nifty made a strong rally in the last hour today amid positive cues from Wall Street and China. The appreciation in the Indian rupee and falling crude oil prices have also improved the sentiments. Going ahead market is looking positive, you can also follow our Daily Morning Report at 7.30 am IST for market direction.
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