Nifty and Bank Nifty Prediction for 25 July 2023: Indian equity benchmarks ended a volatile session with significant losses on Monday. Domestic markets fell for the second day in a row amid mixed global cues.
Selling pressure in ITC, Kotak Bank and Reliance weighed on domestic markets. Among sectors, Nifty FMCG, Metals, Oil & Gas were the top losers while Pharma, Healthcare and Realty advanced. Market breadth was marginally negative on Monday.
The broader markets ended mixed as the Nifty Midcap fell 0.15 percent while the Smallcap index rose 0.37 percent. Sensex and Nifty closed last. The Sensex was down 299.48 points, or 0.45 percent, at 66384.78, while the Nifty was down 72.65 points, or 0.37 percent, at 19672.35. You can read detailed market updates Here
Nifty and Bank Nifty Futures Price Movement (Expires 27th July)
Nifty futures price opened at 19771.80 and made a flat 4.6 point negative opening on Monday. It touched an intra-day high of 19808 and a day low of 19680.
Nifty futures price gained 128 points. Finally, it closed down 94.80 points or 0.48 percent at 19681.60 level.
Bank Nifty futures opened at 46099, flat by 9.05 points to a negative opening. Bank Nifty futures touched a high of 46222 and a day low of 45863.40.
During the day, Bank Nifty futures gave an advance of 358.6 points. It finally closed down 119.75 points or 0.26 percent at 44988.30.
Nifty and Bank Nifty Prediction for 25th July 2023
Nifty future forecast for tomorrow 25 July 2023
Primary Trend in Nifty Future: Slight Negative
Range-bound Trend of Nifty Futures: All up moves can initiate profit booking @ 19750, while all down moves can initiate Short covering @ 19600
If Nifty futures of July series moves above 19718 and sustains. Then Nifty futures can touch the first target of 19744 during the day Stop the loss 19695. In a day it can trade to target 19744- 19770- 19805 levels.
Nifty Futures (July Series) If the stock price moves below 19645 and sustains. Then nifty futures can see 1st target at 19613 and stop loss at 19670 and it can trade to 19613- 19580 – 19545 levels in one day.
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Bank Nifty Future Prediction for tomorrow 25 July 2023
Primary Trend in Bank Nifty Futures- Mildly Positive
Range-bound Trend of Bank Nifty Future: All up moves can initiate profit booking @ 46200, while all down moves can initiate short covering @ 45750
July Series Bank Nifty Futures move above 46060 and hold, then you can see the first target of 46130 during the day with a stop loss of 45980. Intraday Bank Nifty futures could trade at 46130- 46220 to target.
If Bank Nifty Futures (July Series) moves below 45840 and holds, you can see the first target of 45760 levels for a day with a stop loss of 45930. For the day Bank Nifty futures may trade with a target of 45760- 456600.
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Global stock market updates
Asian stock market indices closed mixed on Monday as investors digested the flash PMI data released today. Traders are now looking ahead to another round of central bank monetary policy tightening and big corporate quarterly earnings, which will rally this week amid concerns about China’s slow recovery.
The Nikkei snapped a three-day losing streak and closed higher due to a rally in auto stocks amid a weaker yen, while chip-related stocks also rose on Friday, trailing their U.S. peers. The Kospi closed higher while Shanghai traded volatile and ended below the neutral line. The Hang Seng fell the most in the sector, down more than 2%, as real estate and tech stocks dragged.
European stock markets opened on a flat note this week as investors remained cautious ahead of the central bank’s interest rate decision later this week and big corporate earnings. Major indices are trading marginally lower Eurozone business output fell at the fastest rate in eight months in July, according to the latest flash PMI survey data.
US futures index, Dow and Nasdaq futures are trading slightly higher at 5 pm IST, indicating a slightly higher opening for US markets today.
Conclusion
Indian stocks traded marginally volatile and closed at intra-day lows. The recent volatility was attributed to a setback in the IT and FMCG counter’s first quarter earnings. Market volatility is likely to increase in the coming days due to upcoming central banks meetings, F&O expiry and quarterly earnings. You can follow us Daily Morning Report Market direction at 7.30.
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