Banknifty levels for 18th August-PRIMARY TREND IS NEGATIVE
The Bank Nifty futures opened at 43994.60 It also made a negative opening of 79.8 points. The Bank Nifty futures touched an intraday high at 44224.80 and a day’s low at 43925. During the day, the Bank Nifty futures have given a movement of 299.8 points. In the end, it ended lower by 32.30 points or 0.07 percent and closed at 44042.10 levels.
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44200 whereas All Down Moves can Initiate Short Covering @ 43800
FOR TOMORROW----
Indian equity market indexes closed lower amid volatility on Thursday. The market sentiments were dented due to weak global cues. The fear of another potential rate hike in the US to tame inflation and weak economic data from China hit the global market sentiments. The market volatility was due to the expiry of the weekly index options on the NSE.
Among the sectors, Consumer Durables and PSU Banks ended higher while Energy, FMCG, and IT sectors dragged the benchmarks. The market breadth was positive today. The broader markets outperformed the frontline index, as Mid and Smallcap indexes closed higher by 0.25 percent and 0.14 percent respectively.
GOOD LUCK FOR TRADING
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44200 whereas All Down Moves can Initiate Short Covering @ 43800
FOR TOMORROW----
Indian equity market indexes closed lower amid volatility on Thursday. The market sentiments were dented due to weak global cues. The fear of another potential rate hike in the US to tame inflation and weak economic data from China hit the global market sentiments. The market volatility was due to the expiry of the weekly index options on the NSE.
Among the sectors, Consumer Durables and PSU Banks ended higher while Energy, FMCG, and IT sectors dragged the benchmarks. The market breadth was positive today. The broader markets outperformed the frontline index, as Mid and Smallcap indexes closed higher by 0.25 percent and 0.14 percent respectively.
GOOD LUCK FOR TRADING
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