Nifty and Bank Nifty Prediction for Tomorrow 30 Dec 2022
Nifty and Bank Nifty Prediction for Tomorrow 30 Dec 2022: Indian equity market indexes erased early losses and ended with decent gains on Thursday. The market sentiments were negative in the morning deal due to weak global cues. The key indices recovered in the last hour and closed near the day high. Heavy buying was witnessed in the Oil & Gas, Metals, and Banking counters while selling pressure was seen in Consumer Durables and healthcare stocks.
The market breadth was quite positive. The broader markets underperformed the benchmarks, as Nifty mid and smallcap indices closed slightly higher by 0.08 percent and 0.21 percent respectively. At the close, the Sensex and Nifty ended higher by 0.37 percent and 0.38 percent respectively. You can read detailed market updates here.
Nifty and Bank Nifty futures price movement for 29 Dec
The Nifty futures ( Dec Series) price opened at 18122 making a flat opening of only 0.35 points down today. It has touched an intraday high of 18198 and a day’s low of 17985
The Nifty futures price has given a movement of 213 points today. In the end, it closed higher by 69.65 points or 0.38 percent and ended at 18192 levels.
The Bank Nifty futures ( Dec Series) opened at 42709.95 It made a negative opening of 125.9 points. The Bank Nifty futures touched an intraday high at 43264.95 and a day’s low at 42486.40
During the day, the Bank Nifty futures have given a movement of 778.55 points. In the end, it closed higher by 419.15 points or 0.98 percent and closed at 43255 levels.
Nifty & Bank Nifty Prediction for Tomorrow 30 Dec 2022 (Jan Expiry)
Nifty Futures Prediction for Tomorrow 30 Dec 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18450 whereas All Down Moves Initiates Short Covering (Buy) @ 18150
The Nifty futures of the Jan series closed at 18299, If the Nifty futures share price Moves Above 18330 and sustain. Then you should Buy with the 1st Target of 18360 during the day with a Stop Loss of 18290 FOR the Target of 18360- 18405- 18454
If the Nifty futures (Jan Series) share price Moves Below 18254 and is sustained. Then you should Sell with the 1st Target of 18225 for the day with a Stop Loss of 18272. For the Target of 18225- 18190-18158
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Bank Nifty Futures Prediction for Tomorrow 30 Dec 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) @ 43150
The Bank Nifty Futures of the Jan Series closed at 43435.40 levels. Suppose the Bank Nifty futures (Jan Series) Moves Above 43500 and sustain, then you should Buy with the 1st Target of 43600 during the day with a Stop Loss of 43400 and the Target of 43600- 43680 – 43760
If the Bank Nifty futures (Jan Series) Moves Below 43135 and sustain, then you should Sell with the 1st Target of 43020 the day with a Stop Loss of 42315. For the Target of 43020- 42900- 42810
Global Stock Market Updates
The other Asian stock market indexes mostly closed in the red on Thursday, tracking negative cues from Wal Street overnight. The cautiousness was seen in the markets due to the rising Covid cases in China, it alarmed investors who had anticipated the world`s second-largest economy to pick up steam following the easing of strict restrictions. The key Asian market indexes, Nikkei, Hang Seng, and Shanghai all the three indexes closed in the red today.
European key market indexes are trading flat near their neutral lines as traders are cautious due to rising Covid cases worldwide and the fresh missile strike by the Russians in several places in Ukraine including Kyiv. The US future index, Dow Jones and Nasdaq futures are trading higher at 5.30 pm IST, indicating a positive opening for the US markets today.
Conclusion
Indian equity markets ended higher amid volatility on the December F&O expiry. Tomorrow will be the last trading day of the year 2022. The domestic markets are expected to follow the global cues . You can also follow our Daily Morning Report at 7.30 am for market direction.
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