Market Live- Nifty and Bank Nifty futures live prediction

 

Market Live for 8th July, at 1.50 p.m: Indian markets are trading in a positive note. Nifty future is trading 0.40% higher and Bank Nifty future is trading up by around 2%. PSU Banking stocks are in focus today. IndusInd Bank gained 7% and is trading as a top gainer in the Nifty50 index at 1.50 p.m today.

IndusInd Bank, Tata Steel and JSW Steel are trading higher whereas Zee Entertainment, HCL Tech, and Asian Paints are the losing stocks. Bajaj Finance, IndusInd Bank, and SBI are the most active stocks at this time in the Nifty50 index.

Banking & Finance, Metals & Minings, and Healthcare sectors are trading higher today. IT & Software, Automobiles, and Real Estate sectors are trading in the red at 1.50 p.m IST.

Most of the Asian markets are in the green today whereas the European markets are trading marginally lower.

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Nifty and Bank Nifty futures Live prediction for 8th July

Nifty futures live prediction at 10.45 a.m

If Nifty futures Moves Above 10823 and sustain. Then you should Buy with 1st Target of 10848 during the day with a Stop Loss of 10764 FOR the Target of 10848- 10880- 10912

If Nifty futures Moves Below 10764 and sustain. Then you should Sell with 1st Target of 10746 during the day with a Stop Loss of 10823. FOR the Target of 10746- 10726- 10698

 

Bank Nifty futures live prediction at 10.45 a.m

If Bank Nifty futures  Moves Above 22932 and sustain. Then you should Buy with 1st Target of 22976 during the day with a Stop Loss of  22710. FOR the Target of 22976 – 23020- 23140

If Bank Nifty futures Moves Below 22710 and sustained. Then you should Sell with 1st Target of 22620 during the day with a Stop Loss of 22932. FOR the Target of 22620 – 22530- 22400

 

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Market Live: Nifty and Bank Nifty futures are trading positive

 

Market Live for 8th July at, 10.30 a.m- Indian markets opened in the green as indicated by the SGX Nifty in the morning. The Nifty futures opened at 10799.65, it was up by 33 points from the previous close. The Bank Nifty futures opened at 22618 made a positive opening of 14.7 points today.

The Nifty future is currently trading flat erased all morning gains while Bank Nifty futures are trading at 0.75% higher at 10.30 IST.

The gaining stocks at this hour are IndusInd Bank, JSW Steel, and Dr. Reddy’s Lab whereas the losing stocks at 10.30 a.m (IST)  are Infosys, HCL Tech, and Zee entertainment.

Hospitality, Healthcare, and Banking & Finance are supporting the market to trade higher. On the other side, IT & Software, Oil & Gas, and Automobile sectors are trading lower.

 

You may also like to read, Algo Trading Definition: Pros and Cons of Algorithmic trading

 

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Good morning and welcome to Market Live for 8th July

 

Market live for 8th July, 8.35 a.m: Indian stock market is expected open in a positive zone today as indicated by SGX Nifty. The Asian markets are trading in mixed in the morning today. Hang Seng is trading higher at 0.49%  whereas Nikkei and KOSPI are trading at negative 0.19% and 0.11% respectively. SGX Nifty is gaining 44 points or 0.41% at this time.

 

Global Market

Yesterday, the US markets were closed in the red, dow was declined 1.5% and Nasdaq was down by 0.75%. European markets were also closed lower on Tuesday, 7th July.

The US market was seen profit booking yesterday after continuous rise due to improved macro data and hopes of the vaccine by the year-end. The concern of increasing coronavirus cases in India, the US, and other parts of the world cannot be ignored. The global market may see some correction soon on the concern.

China’s foreign exchange reserves expanded to $ 3.1123 trillion in June. The amount increased by 0.3% or $10.6 billion as compared to the last month.

Indian Market 

The Nifty future and Bank Nifty future was closed in the green yesterday. Nifty futures closed at 10766.65 while Bank Nifty futures closed at 22603.30 on 7th July.

The FIIs were the buyers and DIIs were the sellers in the cash market yesterday. FIIs bought Rs 829.90 crores whereas DIIs sold Rs 784.47 crores in the cash segment on 7th July.

 

You can visit at 10 a.m for more Stock Market Live updates for 8th July and Nifty and Bank Nifty futures live recommendations.

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