Nifty and Bank Nifty Prediction for Tomorrow 25 Aug 2023
Nifty and Bank Nifty Prediction for Tomorrow 25 Aug 2023: Indian equity markets snapped a 3-day winning streak and closed lower on Thursday. The domestic equity markets witnessed profit booking at higher levels in the afternoon session. Indices traded below their neutral lines in the second half despite positive global cues. The market was volatile due to the weekly expiry of index options on the NSE
Among the sectors, PSU Bank, Oil & Gas, and Pharma witnessed selling pressure while IT, FMCG, and Media shares were advanced. Market breadth was slightly negative. The broader markets closed mixed, as the Nifty midcap index closed higher by 0.24 percent while the smallcap index ended lower by 0.35 percent.
At the close, Sensex declined 18096 points or 0.28 percent and ended at 65252.34 levels while Nifty declined 57.30 points or 0.29 percent and settled at 19386.70 levels. You can read the detailed market updates here
Nifty and Bank Nifty Futures Price Movement for (31 Aug expiry)
The Nifty futures price opened at 19500, making a positive opening of 69.1 points on Thursday. It has touched an intraday high of 19575 and a day’s low of 19376
The Nifty futures price has given a movement of 199 points. In the end, it closed lower by 40.40 points or 0.21 percent and ended at 19390.50 levels.
The Bank Nifty futures opened at 44705.30 It also made a gap-up opening of 185.85 points. The Bank Nifty futures touched an intraday high at 45009.95 and a day’s low at 44525
During the day, the Bank Nifty futures have given a movement of 484.95 points. In the end, it ended slightly higher by 5.55 points or 0.01 percent and closed at 44525 levels.
Nifty & Bank Nifty Prediction for Tomorrow 25 Aug 2023
Nifty Futures Prediction for Tomorrow 25 Aug 2023
Primary Trend in Nifty Futures: Sideways
Range-Bound Trend of Nifty Futures: All up Moves can Initiates Profit Booking @ 19460 whereas All Down Moves can Initiate Short Covering @ 19350
If Nifty futures for the Aug series move above 19409 and sustain. Then Nifty futures can hit a 1st Target of 19432 during the day with a Stop Loss of 19390. In a day it could trade in a range of 19432- 19465- 19502 levels.
If the Nifty futures (Aug Series) share price Moves Below 19350 and is sustained. Then Nifty futures can see a 1st Target of 19318 levels for the day with a Stop Loss of 19376 In a day it could trade in a range of 19318- 19280 – 19250 level.
If you want Live Market views for Nifty, Bank Nifty, Stocks Futures & Options, and Global/Domestic market happenings then join our Telegram Channel – https://t.me/nifty50stocks1
Bank Nifty Futures Prediction for Tomorrow 25 Aug 2023
Primary Trend in Bank Nifty Futures- Positive
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44700 whereas All Down Moves can Initiate Short Covering @ 44300
Suppose the Aug series Bank Nifty futures move above 44620 and sustain, then you could see a 1st Target of 44710 during the day with a Stop Loss of 44550. During the day Bank Nifty futures could trade in a range of 44710- 44780- 44905
If the Bank Nifty futures (Aug Series) move below 44380 and sustain, then you could see a 1st Target of 44380 levels in a day with a Stop Loss of 44460. During the day Bank Nifty futures could trade in a range of 44320- 44240- 44165
Note:-With Upstox Options Strategy Builder, you can create an option strategy. You can also try the ready-made options strategy Free at Upstox. Click here to Open a Free Trading and Demat Account and get a lifetime debit AMC Free and Rs 20 flat Brokerage.
Global Stock Market Updates
Asian stock markets ended higher on Thursday, following positive cues from Wall Street, as the US chip maker Nvidia delivered strong quarterly results. Sentiments were also positive, as the central banks of South Korea and Indonesia kept their interest rates unchanged as widely expected.
Japan’s Nikkei closed higher for the fourth straight session. Hang Seng gained the most in the region, up around 2% at the close. China’s Shanghai index trimmed its early gains and closed marginally higher at the close. Elsewhere, Kospi, Straits Times, Taiwan, and SET Composite ended in the green on Thursday.
European stock markets are trading higher on Thursday following positive cues from Asia and US markets. Investor’s sentiments were boosted by the strong quarterly results from the US tech giant Nvidia and the ease in US treasury yields.
The US future indexes, Dow Jones and Nasdaq futures are trading mixed. Dow future is trading slightly lower while Nasdaq future is trading higher, indicating a mixed opening for the US markets on Thursday. You can also follow our US markets Report at 10 PM IST.
Conclusion
Indian stock markets ended lower despite positive global cues. Selling pressure at the higher levels dragged both Nifty and Bank Nifty in the second half. It looks as if bears are not in the mood to lose their control and the indices are further likely to decline.
Traders should remain cautious until there is some more clarity on the next directional move. You can follow our Daily Morning Report at 7:30 a.m. for market direction.
Also, read Best Options Trading Books in India-Must Read 2022
Stock Market Prediction Next Week (14- 18 Aug 2023)
If you like the post “Nifty and Bank Nifty Prediction for Tomorrow 25 Aug 2023” please share it with 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 here are by third-party experts and are for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com advises its users to check with certified and SEBI-registered experts before making 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.
