Nifty & Bank Nifty Prediction Tomorrow, 30 Nov 2021
Nifty & Bank Nifty Prediction Tomorrow, 30 Nov 2021: Indian equity benchmark indexes opened mixed on Monday after Friday’s heavy sell-off. Indian equity markets were trading cautiously in the morning deal amid concern about detection of new Covid variants Omicron. Later in the late morning markets were comfortably trading above their neutral lines with the support of IT and Financial Services. The broader markets were underperformers compared to benchmark indices and continued to trade in the deep red. You can read the complete market updates here
Nifty and Nifty Bank futures price movement for 28 November (Dec Expiry)
The Nifty futures price opened at 17094.75, making a positive opening of 42.6 points. It has touched an intraday high at 17207.85 and a day’s low at 16850.10
The Nifty futures price has given a movement of 357.75 points today. In the end, it gained 41.10 points or 0.24 percent and ended at 17093.25 levels.
The Bank Nifty futures opened at 36230. It made a positive opening of 72.2 points today. It has touched an intraday high at 36471 and a day’s low at 35459
During the day, the Bank Nifty futures has given a movement of 1012 points. In the end, it closed lower by points 95.65 points or 0.26 percent and closed at 36062.15 levels.
Nifty & Bank Nifty Prediction for Tomorrow, 30 Nov 2021 (Dec Expiry)
Nifty Futures prediction for Tomorrow, 30 Nov 2021
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17150 whereas All Down Moves Initiates Short Covering (Buy) @ 17000
If the Nifty futures share price Moves Above 17127 and sustain. Then you should Buy with 1st Target of 17152 during the day with a Stop Loss of 17102 FOR the Target of 17152- 17185- 17212
If the Nifty futures share price Moves Below 17070 and is sustained. Then you should Sell with the 1st Target of 17051 during the day with a Stop Loss of 17095. FOR the Target of 17051- 17016- 16965
Bank Nifty Futures prediction for Tomorrow, 30 Nov 2021
Primary Trend of Bank Nifty Futures: Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36400, whereas All Down Moves Initiates Short Covering (Buy) @ 35500
Suppose the Bank Nifty futures Moves Above 36285 and sustain, then you should Buy with the 1st Target of 36470 during the day with a Stop Loss of 36180. FOR the Target of 36470 – 36555 – 36665
If the Bank Nifty futures Moves Below 35965 and sustain, then you should Sell with the 1st Target of 35875 during the day with a Stop Loss of 36055. FOR the Target of 35875 – 35695 – 35470
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Global markets today
On the global front, Asian markets closed mostly in the red as traders were concerned about the pace of the global economic recovery amid the detection of new and possibly vaccine-resistant covid variants in South Africa. The investors were cautious due to the uncertainty about the Omicron infection and its impact.
European market indexes are trading higher after a heavy selloff in stocks triggered last Friday. European markets are recovering some ground after worries about the new Omicron Covid variant sent markets tumbling last Friday. The US future indexes, Dow and Nasdaq futures are also trading higher at this time (4.30 pm IST) after Friday’s sell-off.
Conclusions
Indian stock market indexes gained on Monday amid volatility. After a cautious start, the benchmark indices recovered as the day progressed with the support of IT sectors. Profit booking was witnessed at the higher levels as investors were cautious due to new covid variants. In the end, the market closed marginally higher today. Going ahead, the market will have Q2 FY22 GDP data tomorrow after the market hours.
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