Nifty and Bank Nifty Prediction for Tomorrow 5 April 2022
Nifty and Bank Nifty Prediction for Tomorrow 5 April 2022: Indian benchmark indexes opened higher on Monday amid positive cues from the other Asian market peers. The markets extended their gains after the news of the HDFC merger with HDFC Bank. The heavy buying was witnessed in the HDFC twins stocks today. However, the slowdown of manufacturing activity in March trimmed some gains at the higher levels in the late morning deals.
In the last hour, markets witnessed a sharp buying again and closed more than 2 percent higher. The broader markets also closed higher today. All sectoral indices closed in the green led by Financial Services, Banking, and Metals. You can read the detailed market happening, top gainers, and losers here.
Nifty and Nifty Bank futures price movement for 4 April (April Expiry)
The Nifty futures price opened at 17810, making a positive opening of 97 points. It has touched an intraday high of 18121.25 and a day’s low of 17765.10
The Nifty futures price has given a movement of 356.15 points today. In the end, it closed higher by 379 points or 2.14 percent and ended at 18092 levels.
The Bank Nifty futures opened at 37855, It made a positive opening of 653.35. points. The Bank Nifty futures has touched an intraday high at 38744.35 and a day’s low at 37565.05
During the day, the Bank Nifty futures has given a movement of 1179.3 points. In the end, it closed higher by 1442.35 points or 3.88 percent and closed at 38644 levels.
Nifty & Bank Nifty Prediction for Tomorrow 5 April 2022 (April Expiry)
Nifty Futures Prediction for Tomorrow 5 April 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18200 whereas All Down Moves Initiates Short Covering (Buy) @ 18000
If the Nifty futures share price Moves Above 18128 and sustain. Then you should Buy with 1st Target of 18190 during the day with a Stop Loss of 18095 FOR the Target of 18190- 18215 – 18245- 18265
If the Nifty futures share price Moves Below 18065 and is sustained. Then you should Sell with the 1st Target of 18036 for the day with a Stop Loss of 18085. FOR the Target of 18036-17990- 17960- 17910
Great Business Opportunity !!! become an Authorised Person ( Franchisee) of a top broking house, get the highest revenue sharing just by introducing clients, For more details contact us at – info@nifty50stocks.com
Bank Nifty Futures Prediction for Tomorrow 5 April 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 39200 whereas All Down Moves Initiates Short Covering (Buy) @38600
Suppose the Bank Nifty futures Moves Above 38835 and sustain, then you should Buy with the 1st Target of 39040 during the day with a Stop Loss of 38700 the Target of 39040- 39170- 39320- 39430
If the Bank Nifty futures Moves Below 38540 and sustain, then you should Sell with the 1st Target of 38430 the day with a Stop Loss of 38665. FOR the Target of 38430 – 38270 – 38157- 38050
Global Stock Markets today
On the global front, the majority of Asian market indexes closed higher on Monday taking positive cues from Wall Street. The Chinese technology stocks were in focus again as they rose in Hong Kong. The Asian market gains were supported by another drop in oil prices after the 31-nation International Energy Agency agreed to tap its vast reserves to offset the removal of Russian exports.
European markets are trading slightly higher tracking the positive cues from Asian markets on Monday. Investors are closely monitoring the Ukraine war after the evidence of alleged war crimes emerged over the weekend. The US futures, Dow Jones, and Nasdaq futures are trading marginally higher at this moment at 5 pm IST
Conclusion
Indin markets made a sharp rally after the announcement of the HDFC and HDFC Bank merger. Investors have given thumps up to the merger news. Today’s rally is due to strong GST collections in March, a fall in crude oil prices, and merger news of HDFC bank, while investors ignored geopolitical tension at present. We may see some profit booking at the higher levels due to the uncertainty of geopolitical tension. Traders should remain cautious and trade with trailing stop loss only.
Also read: Best Options Trading Books in India-Must Read 2021
Stock Market Prediction Next Week ( 4- 8 April 2022)
If you like the post”Nifty and Bank Nifty Prediction for Tomorrow 5 April 2022” please share it with your friends and others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com does not guarantee the accuracy, adequacy, or completeness of any information. Nifty50stocks.com is not responsible for any errors or omissions or the results obtained from the use of such information. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
