Nifty & Bank Nifty prediction for tomorrow 4 March
Market prediction for tomorrow 4 March: Know how to trade in Nifty & Bank Nifty futures
Nifty & Bank Nifty prediction for tomorrow 4 March: It was a positive start for the Indian stock markets today as indicated by the Asian peers. The key indices traded above their psychological levels due to heavy buying in metal, financial, and banking stocks. In the end, the markets extended their morning gains and closed on a strong note.
The market sentiments were optimistic as Indian services activity expanded at the fastest rate in a year during February, while employment fell further and companies noted the sharpest rise in overall expenses. Meanwhile, Indian climbed up to the third spot in the Hurun Global Rich List 2021 with 209 billionaires,40 more than the last year with Mukesh Ambani seeing his wealth up 24% to 83 billion dollars ( about Rs six lakh crore) on the back of a surge in the value of energy and telecom giant Reliance.
On the global front, Asian markets were closed higher as investors are optimistic about US stimulus will energize the global economic recovery. The European markets are trading higher on hopes of economic recovery after relaxation in coronavirus restriction in Germany. The US futures indices Dow and Nasdaq futures are trading positively at 4 pm IST.
Today’s market updates- Sensex, Nifty, and Bank Nifty on the spot price
At the close, Nifty gained 326.50 points or 2.19% at 15245.60 levels while Sensex jumped 1147.76 points or 2.29% and closed at 51444.65 levels. The Bank Nifty on the spot price was up by 948.35 points or 2.68% and ended at 36368.05 levels.
The Nifty midcap and smallcap also closed higher today. The midcap index gained 401.80 points or 1.67% and closed at 24488.45 levels. The smallcap index was up by 82.50 points or 0.99% and finished at 8400.75 levels.
The top five gainers in the Nifty50 index were Tata Steel, Bajaj Finserve, Reliance, Bajaj Finance, and UPL. The top five losers in the Nifty50 index were Hero Motor Corp, Maruti Suzuki, Bajaj Auto, M&M, and BPCL. The most active stocks in the Nifty50 index were Reliance, Tata Motors, and Tata Steel.
On the sectoral front, barring Automobiles sectors all other sectors closed in the green today. The sectors that lifted the market the most are Banking, Finance, Oil & Gas, Metals, and IT & Software.
Nifty & Bank Nifty share price in futures today
The Nifty futures share price opened at 15062 made a positive opening of 103.85 points. It has touched an intraday high at 15318 and a day’s low at 15034.55
The Nifty futures share price has given a movement of 283.45 points. In the end, it gained 341.85 points or 2.29 %, and closed at 15300 levels.
The Bank Nifty futures share price opened at 35750 It made a positive opening of 295.15 points today. It has touched an intraday high at 36580.95 and a day’s low at 35666.80
During the day, the Bank Nifty futures share price has given a movement of 914.15 points. In the end, it gained by 1030.15 points or 2.91% and closed at 36485 levels.
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Nifty & Bank Nifty prediction for tomorrow 4 March ( March Expiry)
Nifty futures prediction for tomorrow 4 March 2021
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15430 whereas All Down Moves Initiates Short Covering (Buy) @ 15250
If the Nifty futures share price Moves Above 15316 and sustain. Then you should Buy with 1st Target of 15365 during the day with a Stop Loss of 15235 FOR the Target of 15365-15402- 15437
If the Nifty futures share price Moves Below 15235 and sustain. Then you should Sell with the 1st Target of 15207 during the day with a Stop Loss of 15316. FOR the Target of 15207- 15180 -15156
Bank Nifty futures prediction for tomorrow March 2021
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 37150, whereas All Down Moves Initiates Short Covering (Buy) @ 36250
Suppose Bank nifty share price in futures Moves Above 36630 and sustain, then you should Buy with the 1st Target of 36820 during the day with a Stop Loss of 36240. FOR the Target of 36820 – 36990- 37150
If the Bank nifty share price in futures Moves Below 36240 and sustained, then you should Sell with the 1st Target of 36140 during the day with a Stop Loss of 36630. FOR the Target of 36140 – 36070- 35865
Conclusions:
Indian stock markets ended higher consecutively for the third trading session today. Healthy buying has seen across the board today barring the Automobile sector which closed marginally down in the end. Buying in Metals, Banking & Financial sectors and Oil & Gas lifted the market today.
Going ahead, Indian markets are looking positive. Traders/investors can follow our Daily Morning market views and can follow our Nifty and Bank Nifty futures prediction for tomorrow for 4 March 2021.
Also read, Nifty & Bank Nifty futures || Dalal Street week ahead
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