Nifty and Bank Nifty Prediction for Tomorrow, 24 Sept 2021
Nifty and Bank Nifty Prediction for Tomorrow, 24 Sept 2021: Indian stock markets made a gap-up opening on Thursday tracking firm cues from global peers. Markets extended their gains gradually on account of buying in overall sectors led by Realty and Bankex. In the end, Sensex and Nifty touched a new record high and gained more than 1.5 percent today. You can read the complete market updates here
Nifty and Nifty Bank futures price movement for 23 Sept (Sept Expiry)
The Nifty futures price opened at 17661.35 and made a positive opening of 92.85 points. It has touched an intraday high at 17845.45 and a day’s low at 17635.10
The Nifty futures price has given a movement of 210.35 points today. In the end, it gained by 273.50 points or 1.56 percent and ended at 17842 levels.
The Bank Nifty futures opened at 37350. It made a positive opening of 249.7 points today. It has touched an intraday high at 37910.20 and a day’s low at 37273
During the day, the Bank Nifty in futures has given a movement of 637.2 points. In the end, it closed lower by 794.70 points or 2.14 points and closed at 37895 levels
Nifty & Bank Nifty Prediction for Tomorrow, 24 Sept 2021 (Sept Expiry)
Nifty Futures Prediction for Tomorrow, 24 Sept 2021
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 17940 whereas All Down Moves Initiates Short Covering (Buy) @ 17810
If the Nifty futures share price Moves Above 17856 and sustain. Then you should Buy with 1st Target of 17884 during the day with a Stop Loss of 17790 FOR the Target of 17884-17912- 17942
If the Nifty futures share price Moves Below 17790 and is sustained. Then you should Sell with the 1st Target of 17772 during the day with a Stop Loss of 17856. FOR the Target of 17772- 17741-17705
Bank Nifty Futures Prediction for Tomorrow, 24 Sept 2021
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38200, whereas All Down Moves Initiates Short Covering (Buy) @ 37750
Suppose the Bank Nifty futures Moves Above 37985 and sustain, then you should Buy with the 1st Target of 38110 during the day with a Stop Loss of 37690. FOR the Target of 38110 – 38220 – 38340
If the Bank Nifty futures Moves Below 37690 and sustain, then you should Sell with the 1st Target of 37585 during the day with a Stop Loss of 37985. FOR the Target of 37585 – 37470 – 37280
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Global markets today
On the global front, the Asian markets closed mostly higher on Thursday tracking the positive cues overnight from Wall Streel, amid climbing crude oil prices and easing concerns about the impact of Chinese real estate major Evergrande’s debt woes.
European markets are trading in the green as worries over property developer China Evergrande’s debt eased and investors eyed business surveys along with a rate decision from the Bank of England. The US futures indexes, Dow and Nasdaq futures are trading higher at this moment at 5 pm.
Conclusions
Indian markets witnessed a one-way rally, Nifty and Sensex hit a fresh all-time high today. Sensex closed near 60K while Nifty closed above 17800 levels, Bank Nifty also gained more than 2%. Today’s rally was led by Realty, Bank & Financials, and Metals. Bulls are fully charged now, investors should accumulate quality stocks on dips.
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