Nifty and Bank Nifty Prediction for Tomorrow, 15 July 2021
Nifty and Bank Nifty prediction for tomorrow, 15 July 2021: Indian stock markets opened flat on Wednesday amid weak global cues. The benchmark indices continued their northward journey and traded above their crucial 52,800 ( Sensex) and 15800 ( Nifty) levels throughout the day. In the end, markets trimmed some intraday gains and closed higher.
The market sentiments were positive as wholesale price-based inflation (WPI) eased marginally to 12.07 percent in June from 12.94 percent in May, as crude oil and food items witnessed some softening in prices. However, WPI inflation remained double-digit for the third consecutive month in June mainly due to the low base of last year. Some additional support also came with a report that the government may extend the scheme for investment promotion 2017-20 with an aim to attract investors and promote the economic growth of the country.
Today’s market updates: Sensex, Nifty, and Bank Nifty on the spot price
At the close, Nifty gained 41.60 points or 0.27 percent and closed at 15853.95 while Sensex was up by 134.32 points or 0.26 percent and finished at 52904.05 levels. The Bank Nifty on the spot price closed flat, just 0.01 percent down, and ended at 35668.25 levels.
The broader markets closed marginally higher in line with their larger peers. The Nifty midcap index gained 62.55 points or 0.23 percent and closed at 27623.30 levels. The Nifty smallcap index was up by 45.35 points or 0.45 percent and ended at 10235.80 levels.
The top five gainers in the Nifty 50 index were Wipro, TechM, Infy, HCLTech, and L&T. The top five losers in the Nifty 50 index were Maruti, Adani Ports, Hindustan Unilever, Nestle India, and Titan. The most active stocks in the Nifty 50 index in value were Wipro, Tata Steel, and Adani Ports
On a sectoral front, the IT & Software, Consumer Durables, Healthcare, Power and Infrastructure closed higher today. The sectors that closed in the red were Oil & Gas, Banks, FMCG, Realty, and Automobiles.
Nifty and Nifty Bank futures price movement for 14 July ( July Expiry)
The Nifty futures price opened at 15805.10 and made a negative opening of 28.7 points. It has touched an intraday high at 15893.25 and a day’s low at 15777.05
The Nifty futures price has given a movement of 116.2 points today. In the end, it gained 24.3 points or 0.15 percent and ended at 15858.10 levels.
The Bank Nifty futures opened at 35650. It made a negative opening of 111.65 points today. It has touched an intraday high at 35885 and a day’s low at 35555.15
During the day, the Bank Nifty in futures has given a movement of 329.85 points. In the end, it closed lower by 35.45 points or 0.10 percent and closed at 35726.20 levels.
Nifty & Bank Nifty Prediction for Tomorrow,15 July 2021 (July Expiry)
Nifty Futures Prediction for Tomorrow, 15 July 2021
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15930 whereas All Down Moves Initiates Short Covering (Buy) @ 15840
If the Nifty futures share price Moves Above 15882 and sustain. Then you should Buy with 1st Target of 15909 during the day with a Stop Loss of 15806 FOR the Target of 15909-15935- 15958
If the Nifty futures share price Moves Below 15806 and sustained. Then you should Sell with the 1st Target of 15772 during the day with a Stop Loss of 15882. FOR the Target of 15772- 15727 -15680
Bank Nifty Future Prediction for Tomorrow, 15 July 2021
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35980, whereas All Down Moves Initiates Short Covering (Buy) @ 35550
Suppose the Bank Nifty futures Moves Above 35895 and sustain, then you should Buy with the 1st Target of 35980 during the day with a Stop Loss of 35640. FOR the Target of 35980 – 36055 – 36218
If the Bank Nifty futures Moves Below 35640 and sustained, then you should Sell with the 1st Target of 35560 during the day with a Stop Loss of 35895. FOR the Target of 35560 – 35470 – 35385
Global markets today
On the global front, Asian markets closed in the red on Wednesday as investors digested the latest U.S inflation data, While New Zealand’s central bank announced a cut to its current stimulus measures. Hong Kong shares fell on Wednesday, as worries about slowing China’s growth while rising U.S- Sino tension also hurts market sentiments.
European markets are trading lower due to the concerns about the increasing U.S inflation data, while travel-related stocks dropped on worries about the rising delta variant of Covid-19 in the continent. The US future indexes, Dow and Nasdaq futures are trading in the green today at 5 pm IST.
Conclusions
Indian market indexes extended their yesterday’s rally despite weak global cues. Today the markets got support from positive economic data. The sentiments remain upbeat as both CPI and WPI inflation eased in Indian whereas the US, Europe are struggling with higher inflation. Nifty is looking positive, closing above 15900 can touch 16100-16200 levels.
You can also follow our Daily Morning Report and Nifty and Bank Nifty prediction for tomorrow 15 July.
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