Nifty | Bank Nifty Prediction for Tomorrow, 30 June 2021
Nifty and Bank Nifty futures prediction for tomorrow 30 June 2021: Indian stock markets opened flat on Tuesday amid mixed global cues. The key benchmark indices fell after a few minutes of flat trading in the morning. In the end, the markets extended their morning losses and closed in the red.
The market indexes were down due to selling pressure in frontline banking and metals stocks. The downside of the market remained capped as Niti Aayog Vice Chairman Rajiv Kumar said the fresh set of stimulus measures announced by the finance minister will not only accelerate the revival of the economy but also enable a bolstering of employment opportunities.
Finance Minister on Monday announced Rs 1.5 lakh crore of additional credit for small and medium businesses, more funds for the healthcare sectors, loans to tourism agencies and guides, and waiver of visa-free for foreign tourists as part of a fresh package to support the pandemic hit the economy.
Today’s market indexes: Sensex, Nifty, and Bank Nifty on spot levels
At the close, Nifty fell 66.25 points or 0.41 percent and closed at 15748.45 levels while Sensex was down by 185.93 points or 0.35 percent and finished at 52549.66 levels. The Bank Nifty spot price slipped 349.15 points or 0.98 percent and ended at 35010.30 levels.
The broader markets also closed in the red following their larger peers. The Nifty midcap index was down by 135.40 points or 0.50 percent and closed at 26901.10 levels. The Nifty smallcap index closed marginally down by 14 points or 0.14 percent and finished at 9712.50 levels.
The top five gainers in the Nifty 50 index were Power Grid Corp, Cipla, HUL, NTPC, and Divis Lab. The top five losers in the Nifty 50 index were IOC, ONGC, Hindalco, Coal India, and Kotak Mahindra. The most active stocks in the Nifty 50 index were Reliance, HDFC Life, and Kotak Mahindra
On a sectoral front, FMCG, Healthcare, Media, and Power sectors closed in the green. The sectors that dragged down the markets were Banking, Metals, Automobiles, Real Estate, and Telecom sectors.
Nifty and Nifty Bank futures price movement for 29 June, ( July Expiry)
The Nifty futures price opened at 15843.10 and made a negative opening of 11.85 points. It has touched an intraday high at 15860 and a day’s low at 15758.70
The Nifty futures price has given a movement of 101.3 points today. In the end, it fell 59.95 points or 0.38 percent and ended at 15795 levels.
The Bank Nifty futures opened at 35250.50 It made a negative opening of 265.65 points today. It has touched an intraday high at 35467.10 and a day’s low at 35090.05
During the day, the Bank Nifty in futures has given a movement of 377.05 points. In the end, it closed lower by 311.7 points or 0.88 percent and closed at 35204.45 levels.
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Nifty & Bank Nifty Prediction for Tomorrow 30 June, (July Expiry )
Nifty Futures Prediction for Tomorrow, 30 June
Primary Nifty Trend in futures: Mild Negative
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15850 whereas All Down Moves Initiates Short Covering (Buy) @ 15750
If the Nifty futures share price Moves Above 15828 and sustain. Then you should Buy with 1st Target of 15852 during the day with a Stop Loss of 15776 FOR the Target of 15852-15878- 15905
If the Nifty futures share price Moves Below 15776 and sustained. Then you should Sell with the 1st Target of 15750 during the day with a Stop Loss of 15828. FOR the Target of 15750- 15727 -15703
Bank Nifty Prediction for Tomorrow, 30 June
Primary Trend of Bank Nifty Futures: Mild Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 35400, whereas All Down Moves Initiates Short Covering (Buy) @ 35100
Suppose the Bank Nifty futures Moves Above 35260 and sustain, then you should Buy with the 1st Target of 35335 during the day with a Stop Loss of 35120. FOR the Target of 35335 – 35430 – 35550
If the Bank Nifty futures Moves Below 35120 and sustained, then you should Sell with the 1st Target of 35040 during the day with a Stop Loss of 35630. FOR the Target of 35040 – 34950 – 34870
Global markets today
On the global front, Asian markets mostly closed in the red, after Hong Kong’s merchandise exports grew at a softer pace in May. Asian markets remained subdued even after the record session of US indexes overnight, over fears of Delta variant Covid-19 outbreaks in the region.
European markets are trading higher due to the jump in industrial and financial stocks, as investors bet into sectors set to benefit from a steady economic recovery. The U.S future indexes are trading flat, Dow future is trading marginally higher whereas Nasdaq future is trading marginally lower at 5 pm IST.
Conclusions
Indian markets closed in the red for the second consecutive day today. The domestic market traded lower in line with Asian market peers, as investors were worried about the rising Delta variant of Covid-19 infection. Going ahead, Nifty may take support at 15700-15650 levels. Investors should accumulate fundamentally strong stocks on dips.
You can also follow our Daily Morning Report and Nifty and Bank Nifty prediction for tomorrow June 30
Also read, Indian Stock Market Prediction Next Week (28 June-2 July)
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