Nifty share price | Bank Nifty prediction for 12 March 2021
Closing bell today- Sensex, Nifty Share price || Nifty & Bank Nifty prediction for 12 March
Sensex and Nifty share price today: Indian stock markets made a strong opening in the morning tracking overnight positive cues from Wall Street. The positive Asian markets also helped the benchmark indices to trade higher today. Sensex and Nifty share price trimmed their early gains in the afternoon and later closed positive.
However, the higher side of the markets remain capped, gains got trimmed, as traders got cautious amid reports that a majority of CFOs interviewed see the long-term and financial impact of the global pandemic as one of their top challenges over the next three years. According to the survey with almost 80 percent of respondents listing this as their top challenges in the next three years.
On the global front, Asian markets were mostly closed in the green today, as consumer prices in China were down 0.2 percent YoY basis in February. This is compared to 0.3 declines in January. The European markets are trading mixed as mining stocks struggle and investors are concerns about the inflationary pressure. The US futures indices Dow and Nasdaq futures are trading marginally higher.
Market Indexes: Sensex, Nifty, and Bank Nifty share price on the spot price
At the close, Nifty gained 76.40 points or 0.51% and finished at 15174.80 levels while Sensex was up by 254.03 points or 0.50% and closed at 51279.51 levels. The Bank Nifty share price on the spot price gained 72.65 points or 0.21% and ended at 35938.30 levels.
The Nifty midcap and smallcap indices outperformed the benchmark indices today. The Nifty midcap index gained 192.85 points or 0.82% and closed at 24220.10 levels. The smallcap index jumped 115.45 points or 1.39% and ended at 8439.45 levels.
The top five gainers in the Nifty50 stocks were JSW Steel, Eicher Motors, Tata Steel, Bajaj Finance, and Sun Pharma. The top five losers in the Nifty50 stocks were SBI Life, ONGC, IOC, HDFC Life, and GAIL. The most active Nifty50 stocks were Tata Motors, Tata Steel, and Bajaj Finance.
On a sectoral basis, Metals, IT & Software, Automobiles, Healthcare, and Consumer Durables sectors closed as top gainers. On the losing side, the Insurance, Oil & Gas, and Power sector closed lower today.
Nifty & Bank Nifty share price in futures today
The Nifty futures share price opened at 15251.10 made a positive opening of 116.35 points. It has touched an intraday high at 15262.15 and a day’s low at 15131.05
The Nifty futures share price has given a movement of 131.1 points. In the end, it gained 68.25 points or 0.45 % and closed at 15203 levels.
The Bank Nifty futures share price opened at 36244 It made a positive opening of 311.05 points today. It has touched an intraday high at 36244 and a day’s low at 35816
During the day, the Bank Nifty futures share price has given a movement of 428 points. In the end, it gained 62.3 points or 0.17%, and closed at 35995.25 levels.
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Nifty & Bank Nifty futures prediction for tomorrow 12 March ( March Expiry)
Nifty futures prediction for tomorrow 12 March 2021
Primary Nifty Trend in futures: Mild Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 15300 whereas All Down Moves Initiates Short Covering (Buy) @ 15130
If the Nifty futures share price Moves Above 15235 and sustain. Then you should Buy with 1st Target of 15266 during the day with a Stop Loss of 15165 FOR the Target of 15266-15295- 15326
If the Nifty futures share price Moves Below 15165 and sustain. Then you should Sell with the 1st Target of 15135 during the day with a Stop Loss of 15235. FOR the Target of 15135- 15102 -15070
Bank Nifty futures prediction tomorrow 12 March 2021
Primary Trend of Bank Nifty Futures: Mild Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 36450, whereas All Down Moves Initiates Short Covering (Buy) @ 35900
Suppose Bank nifty share price in futures Moves Above 36130 and sustain, then you should Buy with the 1st Target of 36220 during the day with a Stop Loss of 35895. FOR the Target of 36220 – 36335 – 36465
If Bank nifty share price in the futures Moves Below 35895 and sustained, then you should Sell with the 1st Target of 35775 during the day with a Stop Loss of 36130. FOR the Target of 35775 – 35690 – 35580
Conclusions:
Indian stock markets closed higher on Wednesday on the back of buying in IT, Metal, Pharma counters. Positive global cues helped the markets to close higher today. Nifty midcap and smallcap indexes outshine the benchmark indices.
The market will have a holiday tomorrow due to Maha Shivratri. Going ahead, markets will remain cautious due to IIP and CPI data on Friday. If Nifty managed to sustain above 15300 levels then we may see more upside. Traders/ investors can follow our Daily Morning market views and can follow our Nifty and Bank Nifty share price in futures for 12 March 2021.
Also read, Nifty & Bank Nifty prediction for next week [ 8-12 March]
Stock market holidays 2021-Indian & Global markets
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