Nifty and Bank Nifty Prediction for Monday 14 Feb 2022
Nifty and Bank Nifty Prediction for Monday, 14 Feb 2022: Indian equity markets were witnessed a heavy profit booking on the last day of the week after the decent rise in the last 2-to 3 sessions. Indian markets fell sharply due to the weak global cues and the selling pressure was seen across the board. The equity benchmark, Sensex and Nifty fell 1.31 percent each on Friday. All sectoral indices closed in the red with PSU Bank, IT, Realty, and Banking stocks were worst hit.
The market breadth was weak with the advance and decline indicating a ratio of almost 1:3 at the close. FIIs were the buyers and DIIs were the sellers in the cash market segment on the last day of the week. FIIs bought Rs 108.3 crore while DIIs sold Rs 696.9 crore on Friday. You can read Friday’s market updates here
Nifty & Nifty Bank futures price movement on Friday, 11 February (Feb Expiry)
On Friday, 11 February, the Nifty futures (Feb Series) opened at 17448 levels, it made a negative opening of 169.65 points. It has touched an intraday high at 17473.25 and a day’s low at 17282.30
The Nifty future has given a movement of 190.95 points on Friday. In the end, it declined by 287.15 points or 1.63 percent and ended at 17330.50 levels.
The Bank Nifty futures (Feb Series) opened at 38700.05 levels on the last day of the week. It made a negative opening of 353.95 points on Friday. It has touched an intraday high at 38826.60 and a day’s low at 38405.55
On Friday, the Bank Nifty future gave a movement of 421.05 points. In the end, it declined by 612.25 points or 1.57 percent and closed at 38441.75 levels.
Nifty & Bank Nifty Prediction for Monday, 14 Feb 2022 (Feb Expiry )
Nifty Futures Prediction for Monday, 14 Feb 2022
Primary Nifty Trend in futures: Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17450 whereas All Down Moves Initiates Short Covering (Buy) @ 17260
If the Nifty futures share price Moves Above 17396 and sustain. Then you should Buy with 1st Target of 17418 during the day with a Stop Loss of 17380 FOR the Target of 17418- 17449- 17515
If the Nifty futures share price Moves Below 17303 and is sustained. Then you should Sell with the 1st Target of 17280 during the day with a Stop Loss of 17332. FOR the Target of 17280- 17258- 17218
Bank Nifty Futures Prediction for Monday, 14 Feb 2022
Primary Trend of Bank Nifty Futures: Negative
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38550, whereas All Down Moves Initiates Short Covering (Buy) @ 38100
Suppose the Bank Nifty futures Moves Above 38655 and sustain, then you should Buy with the 1st Target of 38745 during the day with a Stop Loss of 38535. FOR the Target of 38745 – 38890 – 39060
If the Bank Nifty futures Moves Below 38350 and sustain, then you should Sell with the 1st Target of 38165 during the day with a Stop Loss of 38480. FOR the Target of 38165 – 38080 – 37930
Global stock market updates
European market indexes closed in the red on Friday, falling in line with the global sell-off sparked by surprised US inflation figures. Investors fear that this may impact aggressive interest rate hikes by the Federal Reserves in its next meeting in March. However, most of the indexes in the region managed to trim their intraday losses in the end.
The US stock market opened higher on Friday as investors digested the CPI reading announced on Thursday. Later the stock market indexes and Treasury bond yields fell on Friday, as investors flocked to safe-haven assets due to the escalated geopolitical tension between Russia and Ukraine.
Conclusions
Indian stock markets fell sharply on the last day of the week due to weakness in the global markets. The sharp rise in US inflations hit the market sentiments as this may impact negatively in the next Federal Reserve meeting. After the high inflation data, investors are now worried about US central bank policy tightening measures next month, which may result in strong FIIs outflow from emerging markets.
On Monday, Asian markets may open in the red as US markets erased all early gains on Friday and fell sharply due to Russia and Ukraine tension.
Tomorrow, you can read “Key Factors to Impact the Indian Stock Market next week” on our website to know the market direction.
Also read, Gainers & Losers: Stock Market Analysis- 7 to 11 Feb 2022
Best Options Trading Books in India-Must Read 2021
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