Nifty & Bank Nifty Prediction Tomorrow, 26 Nov 2021
Nifty & Bank Nifty Prediction Tomorrow, 26 Nov 2021: Indian equity market indexes made a cautious start on Thursday amid mixed global cues. The markets were trading near their neutral lines in the morning deals on positive bias and later extended their gains. The broader markets also closed higher today in line with their larger peers. Today buying witness in Realty, Healthcare, Energy and IT stocks. You can read the complete market updates here
Nifty and Nifty Bank futures price movement for 25 November (Nov Expiry)
The Nifty futures price opened at 17320.50, making a negative opening of 87.6 points. It has touched an intraday high at 17558 and a day’s low at 17320.50
The Nifty futures price has given a movement of 237.5 points today. In the end, it gained 125.95 points or 0.72 percent and ended at 17534.05 levels.
The Bank Nifty futures opened at 37324. It made a negative opening of 141 points today. It has touched an intraday high at 37538.70 and a day’s low at 37115
During the day, the Bank Nifty futures has given a movement of 423.7 points. In the end, it closed lower by 104.85 points or 0.28 percent and ended at 37360.15 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 26 Nov 2021 (Dec Expiry)
Nifty Futures prediction for Tomorrow, 26 Nov 2021
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17650 whereas All Down Moves Initiates Short Covering (Buy) @ 17550
If the Nifty futures share price Moves Above 17612 and sustain. Then you should Buy with 1st Target of 17635 during the day with a Stop Loss of 17595 FOR the Target of 17635- 17654- 17703
If the Nifty futures share price Moves Below 17548 and is sustained. Then you should Sell with the 1st Target of 17527 during the day with a Stop Loss of 17580. FOR the Target of 17527- 17502- 17480
Bank Nifty Futures prediction for Tomorrow, 26 Nov 2021
Primary Trend of Bank Nifty Futures: Mild Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37700, whereas All Down Moves Initiates Short Covering (Buy) @ 37200
Suppose the Bank Nifty futures Moves Above 37670 and sustain, then you should Buy with the 1st Target of 37740 during the day with a Stop Loss of 37590. FOR the Target of 37740 – 37868 – 37945
If the Bank Nifty futures Moves Below 37460 and sustain, then you should Sell with the 1st Target of 37370 during the day with a Stop Loss of 37560. FOR the Target of 37370 – 37240 – 37110
Global markets today
On the global front, Asian markets closed mixed on Thursday as traders are concerned about the near-term outlook for the markets and economy amid surges in coronavirus infection and fresh lockdown measures in Europe and several other countries.
The European markets are trading higher despite weak German data and a rise in covid cases. The German GfK barometer showed that the consumer confidence tumbled to -1.6 for December, down 2.6 points from the previous month. The US future indexes, Dow and Nasdaq futures are trading marginally higher at this time at 5 pm IST.
Conclusions
Indian stock markets rebounded sharply and gained more than half a percent on the November F &O expiry day. Markets gained with the support of Reliance Industries today. The sectors like Healthcare, Realty, Energy also supported the market today. Going ahead, Nifty will try to touch 17700 levels with the strong support of 17500-17450 levels.
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