Nifty and Bank Nifty Prediction for Tomorrow 27 July 2022
Nifty and Bank Nifty Prediction for Tomorrow 27 July 2022: Indian equity markets indexes opened flat on Tuesday amid mixed global cues. Soon after opening, markets turned negative and extended their losses. Investors remained cautious and preferred to stay away from the markets ahead of the Fed’s meeting outcome. Heavy selling pressure was witnessed in the IT and FMCG sectors today.
The broader markets underperformed as compared to the benchmarks. The market breadth was negative, and the Sensex and Nifty ended near the day low today. At the close, both the key indices were down by 0.89 percent each today. You can read the detailed market updates here
Nifty and Nifty Bank futures price movement for 26 July (July Expiry)
The Nifty futures price opened at 16635.10, making a flat to the positive opening of 3 points today. It has touched an intraday high of 16365.10 and a day’s low of 16475.15
The Nifty futures price has given a movement of 159.95 points today. In the end, it closed lower by 152.50 points or 0.92 percent and ended at 16479.60 levels.
The Bank Nifty futures opened at 36550 It made a negative opening of 163.5 points. The Bank Nifty futures has touched an intraday high at 36690.95 and a day’s low at 36318.20
During the day, the Bank Nifty futures has given a movement of 372.75 points. In the end, it closed lower by 385.50 points or 1.05 percent and closed at 36328 levels.
Nifty & Bank Nifty Prediction for Tomorrow 27 July 2022 (July Expiry)
Nifty Futures Prediction for Tomorrow 27 July 2022
Primary Nifty Trend in futures: Negative with cautious bias
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 16600 whereas All Down Moves Initiates Short Covering (Buy) @ 16350
If the Nifty futures share price Moves Above 16556 and sustain. Then you should Buy with 1st Target of 16590 during the day with a Stop Loss of 16515 FOR the Target of 16590- 16645- 16680- 16712
If the Nifty futures share price Moves Below 16435 and is sustained. Then you should Sell with the 1st Target of 16402 for the day with a Stop Loss of 15475. FOR the Target of 16402- 16365- 16318- 16260
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Bank Nifty Futures Prediction for Tomorrow 27 July 2022
Primary Trend of Bank Nifty Futures: Negative with cautious bias
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36550 whereas All Down Moves Initiates Short Covering (Buy) @ 36000
Suppose the Bank Nifty futures Moves Above 36475 and sustain, then you should Buy with the 1st Target of 36550 during the day with a Stop Loss of 36315 and the Target of 36550- 36635- 36730- 36825
If the Bank Nifty futures Moves Below 36175 and sustain, then you should Sell with the 1st Target of 36090 the day with a Stop Loss of 36255. FOR the Target of 36090 – 36000 – 35915 – 35795
Global Stock Markets Today
The other Asian market indexes closed mixed on Tuesday. China’s market sentiments were boosted by Beijing’s pledge of $44 billion to aid its struggling property sector. Traders kept themselves sidelines ahead of, the US Fed’s policy outcome, GDP data, and a series of US corporate earnings, all due later this week. Hang Seng index gained with the support of technology shares, Alibaba group led the gain and rose 5% today as it plans to pursue a primary Hong Kong listing
European market indexes are mostly trading lower as some disappointing earnings, upcoming US interest rate hikes, and escalating gas crisis kept the investor’s mood cautious. The US future indexes, Dow, and Nasdaq futures are trading in the red, indicating a negative opening for the US markets today.
Conclusion
Indian stock market indices closed lower for the second consecutive day. The markets closed near the day low, as traders were nervous ahead of the Fed’s policy outcome due on Wednesday. Going ahead, markets will remain highly volatile in the coming days of the week due to monthly F&O expiry, US GDP data, Fed’s decision, and quarterly earnings, traders should remain cautious.
Also read: Best Options Trading Books in India-Must Read 2021
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
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