Nifty Bank Nifty Predictions for Tomorrow, 21 Sept 2021
Nifty Bank Nifty Prediction for Tomorrow, 21 Sept 2021: Indian stock markets opened in the red on Monday. Negative cues from the global markets impacted sentiments over Dalal street today. The markets almost recovered their losses in the late morning, but again fell sharply in the second half and closed in the deep red.
Traders were in a cautious mood after businesses that default on filing the summary returns and paying monthly GST will not be able to file GSTR-1 sales returns for the succeeding month from January 1 next year. The Dalal Street overlooked a private report stating that corporate handed over an average increment of 8 percent in 2021, and early estimates reveal that the average increment for 2022 is expected to increase to 8.6 percent in line with a healing economy and improving confidence.
Today’s market updates: Sensex, Nifty, and Bank Nifty spot price
At the close, Nifty fell 188.25 points or 1.07 percent and closed at 17396.90 levels while Sensex was down by 524.96 points or 0.89 percent and finished at 58490.93 levels. The Bank Nifty on the spot price is declined 666.25 points or 1.76 percent and ended at 37145.70 levels.
The broader markets also closed in the deep red in line with their larger peers. The Nifty midcap index was down 644.55 points or 2.16 percent and closed at 29254.85 levels. The Nifty smallcap index declined 186.20 points or 1.73 percent and ended at 10602.05 levels.
The top five gainers in the Nifty 50 index were Hindustan Unilever, Bajaj Finserve, ITC, Nestle India, HCL Tech. The top five losers in the Nifty 50 index were Tata Steel, JSW Steel, Hindalco, UPL, BPCL. The most active stocks in the Nifty 50 in terms of value were Tata Steel, ITC, and Reliance. The most active stocks in the Nifty 50 in terms of volume were ITC, ONGC, and Tata Steel.
On a sectoral front, barring FMCG all other major sectors closed in the red today. The sector that dragged down the markets were Metals, Banking, Realty, Automobiles, Healthcare, and Financials
Nifty Bank Nifty futures price movement for 20 Sept (Sept Expiry)
The Nifty futures price opened at 17460.25 and made a negative opening of 142.9 points. It has touched an intraday high at 17618.20 and a day’s low at 17355
The Nifty futures price has given a movement of 263.2 points today. In the end, it declined by 247.35 points or 1.41 percent and ended at 17355.80 levels.
The Bank Nifty futures opened at 37525. It made a negative opening of 325.05 points today. It has touched an intraday high at 37885 and a day’s low at 37145
During the day, the Bank Nifty in futures has given a movement of 740 points. In the end, it closed lower by 683 points or 1.80 points and closed at 37167.05 levels
Nifty & Bank Nifty Prediction for Tomorrow, 21 Sept 2021 (Sept Expiry)
Nifty Futures Prediction for Tomorrow, 21 Sept 2021
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17400 whereas All Down Moves Initiates Short Covering (Buy) @ 17270
If the Nifty futures share price Moves Above 17450 and sustain. Then you should Buy with 1st Target of 17511 during the day with a Stop Loss of 17340 FOR the Target of 17511-17554- 17604
If the Nifty futures share price Moves Below 17340 and is sustained. Then you should Sell with the 1st Target of 17302 during the day with a Stop Loss of 17450. FOR the Target of 17302- 17265-17224
Bank Nifty Futures Prediction for Tomorrow, 21 Sept 2021
Primary Trend of Bank Nifty Futures: Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37300, whereas All Down Moves Initiates Short Covering (Buy) @ 36750
Suppose the Bank Nifty futures Moves Above 37350 and sustain, then you should Buy with the 1st Target of 37430 during the day with a Stop Loss of 36930. FOR the Target of 37430 – 37620 – 37760
If the Bank Nifty futures Moves Below 36930 and sustain, then you should Sell with the 1st Target of 36750 during the day with a Stop Loss of 37350. FOR the Target of 36750 – 36525 – 36400
Global markets today
On the global front, the Asian market indexes Nikkei, Shanghai, Taiwan, Kopsi were closed today due to a holiday. Hang Seng closed more than 3 percent on Monday as Evergrande shares plunged. European markets are trading in the red following a downbeat session in Asian markets, dragged lower by weakness in the minor sector and heavy losses for Prudential. The US market indexes, Dow and Nasdaq futures are trading in the red.
Conclusions
Indian stock markets witnessed a sharp correction today as heavy selling was seen in Metals, Banking, and Realty stocks. Investors are cautious ahead of the Fed’s meeting outcome and its asset tapering decision. The downbeat Asian market sentiments were due to the default on $300 billion debt by leading Chinese real estate major Evergrande. Going ahead, Indian markets may see further corrections for another day or two.
Do you want to trade in Automated Trading Software and are looking for a ready & profitable strategy or want to build your own strategy then you can click here for all Algo/automated trading-related solutions.
Also read, Must read before opening Demat & Trading account online
5 Best Stock Market Books- Beginners Must Read in 2021
If you like the post 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.
