Nifty and Bank Nifty Prediction for Monday 11 April 2022
Nifty and Bank Nifty Prediction for Monday 11 April 2022: Indian equity markets snapped their 3-day losing streak on Friday, as investors bet on beaten-down stocks after RBI in its monetary policy announced it would continue with its accommodative stance. The positive global cues also supported the domestic markets to trade higher on Friday.
The broader markets also performed in line with their larger peers on the last day of the week. Sectorwise barring IT all other major sectors closed in the green led by Metals, FMCG, Energy, and Infra. The market breadth was quite strong with the advance decline indicating a ratio of 2:1 at the close. FIIs and DIIs both were sellers in the cash segment on Friday. FIIs sold Rs 575.04 crore while DIIs sold Rs 16.51 crores in the cash segment.
You can read Friday’s market updates here and weekly stock market analysis here
Nifty and Nifty Bank futures price movement on Friday, 8 April ( April Expiry)
On Friday, 8 April, the Nifty futures ( April Series) opened at 17745 levels, it made a positive opening of 14.65 points. It has touched an intraday high at 17944.80 and a day’s low at 17656.30
The Nifty future has given a movement of 288.5 points on Friday. In the end, it gained 164.60 points or 0.93 percent and ended at 17894.95 levels.
The Bank Nifty futures (April Series) opened at 37731 levels on the last day of the week. It made a negative opening of 33.1 points on Friday. It has touched an intraday high at 38089.50 and a day’s low at 37566.65
On Friday, the Bank Nifty future gave a movement of 522.85 points. In the end, it gained 277.90 points or 0.74 percent and closed at 38042 levels.
Nifty & Bank Nifty Prediction for Monday, 11 April 2022 (April Expiry)
Nifty Futures Prediction for Monday 11 April 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18000 whereas All Down Moves Initiates Short Covering (Buy) @ 17750
If the Nifty futures share price Moves Above 17927 and sustain. Then you should Buy with 1st Target of 17965 during the day with a Stop Loss of 17900 FOR the Target of 17965- 17990-18017- 18044
If the Nifty futures share price Moves Below 17836 and is sustained. Then you should Sell with the 1st Target of 17795 during the day with a Stop Loss of 17865. FOR the Target of 17795- 17765- 17742- 17715
Bank Nifty Futures Prediction for Monday, 11 April 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38400, whereas All Down Moves Initiates Short Covering (Buy) @ 37800
Suppose the Bank Nifty futures Moves Above 38209 and sustain, then you should Buy with the 1st Target of 38330 during the day with a Stop Loss of 38085. FOR the Target of 38330 – 38435- 38540- 38665
If the Bank Nifty futures Moves Below 37900 and sustain, then you should Sell with the 1st Target of 37815 during the day with a Stop Loss of 38040. FOR the Target of 37815 – 37725- 37580- 37425
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
Global stock market updates
European markets advanced on Friday and erased most of their weekly losses while investors were focused on the French Presidential elections. All major sectors closed in positive territory led by financial and commodity stocks. European markets gained on Friday, as traders shrugged off the negative news about additional sanctions on Russia as well as the potential aggressive interest rate hikes from the US Fed.
The US market indexes closed mixed after a choppy session on Friday. Dow Jones closed higher whereas S&P 500 and Nasdaq were down on the last day of the week, as markets weigh Fed’s aggressive interest rate hikes. Investors bet on the beaten-down bank shares while buying was also seen in Oil & Gas, and Telecom space. The Technology, Industrials, and Consumers Goods sectors were closed lower in the US markets on Friday.
Conclusions
Friday’s gain helped the domestic markets to erase all weekly losses and close higher. Indian stock markets are likely to trade in a range-bound in the coming week. The market focus will now shift to quarterly earnings from the next week, initiated by the IT and banking space.
Also read, Best Options Trading Books in India-Must Read 2021
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
If you like the post “Nifty and Bank Nifty Prediction for Monday, 11 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.
