Nifty and Bank Nifty Prediction for Monday 28 Nov 2022
Nifty and Bank Nifty Prediction for Monday 28 Nov 2022: Indian equity benchmarks closed in the green on Friday, for the fourth trading session. The domestic markets were trading in the red in most parts of the session on Friday, and last-hour buying helped the key indices to close in the green. However, the upside remained capped due to negative cues from other Asian markets.
The broader markets outperformed their larger peers on Friday, as Nifty mid and smallcap indexes gained 0.95 percent and 1.12 percent respectively. The market breadth was quite strong with the advance-decline indicating a ratio of 2:1 at the close. At the close, Sensex and Nifty gained 0.03 percent and 0.15 respectively on the last day of the week.
Nifty and Nifty Bank futures price movement on Friday, 25 Nov (Dec Expiry)
On Friday, Nov 25, the Nifty futures (Dec Series) opened at 18631.20 levels, it made a positive opening of 5.05 points. It touched an intraday high at 18668.20 and a day’s low at 18581.15
The Nifty future has given a movement of 87.05 points on Friday. In the end, it gained 22.65 points or 0.12 percent and ended at 18649 levels.
The Bank Nifty futures (Dec. Series) opened at 43339.95 levels on the last day of the week. It made a positive opening of 55.7 points on Friday. It has touched an intraday high at 43566.10 and a day’s low at 43140
On Friday, the Bank Nifty future gave a movement of 426.1 points. At the close, it ended lower by 12.25 points or 0.03 percent and closed at 43272 levels.
Nifty & Bank Nifty Prediction for Monday 28 Nov 2022 (Dec Expiry)
Nifty Futures Prediction for Monday 28 Nov 2022
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18750 whereas All Down Moves Initiates Short Covering (Buy) @ 18530
If the Nifty futures share price Moves Above 18670 and sustain. Then you should Buy with 1st Target of 18695 during the day with a Stop Loss of 18642 FOR the Target of 18695-18727- 18760
If the Nifty futures share price Moves Below 18602 and is sustained. Then you should Sell with the 1st Target of 18562 during the day with a Stop Loss of 18627. For the Target of 18562- 18530- 18485
Bank Nifty Futures Prediction for Monday 28 Nov 2022
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 43550, whereas All Down Moves Initiates Short Covering (Buy) @ 42950
Suppose the Bank Nifty futures Moves Above 43415 and sustain, then you should Buy with the 1st Target of 43550 during the day with a Stop Loss of 42330. For the Target of 43550- 43640- 43750
If the Bank Nifty futures Moves Below 43150 and sustain, then you should Sell with the 1st Target of 43030 during the day with a Stop Loss of 43260. For the Target of 43030- 42945- 42800
If you want Market Views and Live Trading calls for Nifty, Bank Nifty and Stocks, Cash/F&O Segment, and Global /Domestic market happenings then join our Telegram Channel – https://t.me/nifty50stocks1
Global stock market updates
The US equity benchmarks ended mixed in a shortened trading session on Friday. The market volume was thin, as the traders returned for a half session following Thursday’s Thanksgiving holiday. Dow Jones gained for the third straight session while S&P 500 and Nasdaq closed in the red on Friday. The US Treasury yields were slightly lower, the 10-year US Treasury note slipped to 3.701% on Friday from 3.708 on Wednesday.
European stock market indexes closed flat on Friday, sentiments were muted due to the absence of any major events in the week and the holiday-shortened week in the US. The pan-Europe Stoxx 600 pared intraday losses and closed flat on the final day of the week. The mining and financial stocks fell while oil and gas advanced on Friday.
Conclusions
Indian equity markets closed almost flat amid volatility on the last day of the week. After the sharp rally in the previous session, the domestic markets traded volatile amid mixed global cues and rising oil prices. In the coming week, the global cues and economic data will be in focus and set the market direction. You can also visit our website again on Sunday to read the Stock Market prediction for next week.
Also read, Tradingview India Review 2022- You Must Read
Advantages of opening a trading account with Upstox and Pradbudas Lilladher
If you like the post “Nifty and Bank Nifty Prediction for Monday 28 Nov 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.
