Market Prediction Tomorrow 10 March- Nifty & Bank Nifty
Market Prediction Tomorrow – Nifty & Bank Nifty futures trade setup for 10 March
Market Prediction Tomorrow 10 March: Indian stock market made an optimistic start today amid mixed global cues. The key benchmark indices continued to trade higher in the morning session, tracking gains in index major HDFC Bank, ICICI Bank, Ultratech Cement, and Kotak Mahindra Bank. The market erased all gains during the post-lunch session but later in the last hour, the key indices closed around 1 percent higher.
The market sentiments remained positive with the Chief Economist of the IMF Gita Gopinath’s statement that India has been at the forefront in fighting the coronavirus pandemic and ‘really stands out in terms of its vaccine policy. She noted that India has been providing vaccines through grants to several of its neighbor countries and through commercial arrangements as well.
On the global front, Asian markets were closed mostly in the green today. European markets are trading in the green as gains in shares of oil and utility companies helped counter losses in miners. The US futures market indices Dow and Nasdaq futures are trading strong at this moment (4 pm IST)
Stock market indexes today
At the close, Nifty gained 142.20 points or 0.96% and finished at 15098.40 levels while Sensex jumped 584.41 points or 1.16% and closed at 51025.48 levels. The Bank Nifty on the spot price climbed 589.90 points or 1.68% and ended at 35865.65 levels.
The Nifty midcap and smallcap indices closed in the red today. The midcap index fell 125.05% or 0.52% and closed at 24024.25 levels. The smallcap index was down by 82 points or 0.98% and ended at 8323.90 levels.
The top five gainers in the Nifty50 index were SBI Life, Kotak Mahindra, HDFC Bank, ICICI Bank, and HDFC. The top five losers in the Nifty50 index were BPCL, Tata Steel, GAIL, IOC, and Power Grid. The most active stocks for the day in the Nifty50 index were BPCL, Tata Motors, and Kotak Mahindra Bank.
On a sectoral basis, Banking, Insurance, Financials, IT & Software and Consumer Durables sectors closed higher today. The sectors that closed in the red were Metals, Oil & Gas, Telecom, Automobiles, and Healthcare
Nifty & Bank Nifty share price in futures today
The Nifty futures share price opened at 15075.20 made a positive opening of 106.20 points. It has touched an intraday high at 15179.85 and a day’s low at 14953.25
The Nifty futures share price has given a movement of 226.6 points. In the end, it gained 176 points or 1.18 %, and closed at 15145 levels.
The Bank Nifty futures share price opened at 35668 It made a positive opening of 351.95 points today. It has touched an intraday high at 36154 and a day’s low at 35604
During the day, the Bank Nifty futures share price has given a movement of 550 points. In the end, it gained 632.15 points or 1.79% and closed at 35948.20 levels.
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Stock market index prediction for tomorrow 10 March- Nifty & Bank Nifty ( March Expiry)
Nifty futures prediction for tomorrow 10 March 2021
Primary Nifty Trend in futures: Mild Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15250 whereas All Down Moves Initiates Short Covering (Buy) @ 15060
If the Nifty futures share price Moves Above 15172 and sustain. Then you should Buy with 1st Target of 15232 during the day with a Stop Loss of 15060 FOR the Target of 15232-15275- 15310
If the Nifty futures share price Moves Below 15060 and sustain. Then you should Sell with the 1st Target of 15002 during the day with a Stop Loss of 15026. FOR the Target of 15002- 14935 -14875
Bank Nifty futures prediction for tomorrow 10 March 2021
Primary Trend of Bank Nifty Futures: Mild positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36300, whereas All Down Moves Initiates Short Covering (Buy) @ 35750
Suppose Bank nifty share price in futures Moves Above 36080 and sustain, then you should Buy with the 1st Target of 36200 during the day with a Stop Loss of 35750. FOR the Target of 36200 – 36326 – 36452
If Bank nifty share price in the futures Moves Below 35750 and sustained, then you should Sell with the 1st Target of 35660 during the day with a Stop Loss of 36080. FOR the Target of 35660 – 35510 – 35350
Conclusions:
It was a volatile trading day for the Indian stock markets. Indian markets are dancing on global cues in absence of any major domestic events. The last hour buying helped the markets to close around 1 percent higher. In the end, Nifty managed to close near the 15100 marks which acted as a strong hurdle previously.
Going ahead, if Nifty managed to sustain above 15100 levels then we may see more upside. Traders/investors can follow our Daily Morning market views and can follow our market prediction for tomorrow for 10 March 2021.
Also read, Nifty & Bank Nifty prediction for next week [ 8-12 March]
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