Indian Stock Market: Nifty and Bank Nifty Future for 7th March

Nifty and Bank Nifty Future 7th March
Nifty and Bank Nifty Future 7th March



Indian stock market ended in green in third straight session, Sensex and Nifty closed at 36636 and 11053 respectively more than 0.50 percent gain in the intra-day. Bank Nifty was volatile in today's trading session, it has gained 71 points and closed at 27625 on spot level. Nifty small and mid caps index also showed strong up move on today's trading session.

Nifty 50 Stocks Gainers and Losers of the Day

Top 5 Nifty 50 Stocks Gainers of the Day
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
B P C L372.70 362.50 10.20 2.81 468.40-238.55
Bajaj Fin.2766.70 2695.15 71.55 2.65 2,994.00-1,594.20
ICICI Bank371.95 363.25 8.70 2.40 383.55-256.50
Reliance Inds.1264.80 1237.65 27.15 2.19 1,329.00-880.00
Bharti Infra.302.55 296.15 6.40 2.16 350.00-242.25
Top 5 Nifty 50 Stocks Losers of the Day
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Zee Entertainmen470.90 484.45 -13.55 -2.80 609.75-288.30
Tata Motors188.80 194.05 -5.25 -2.71 372.35-129.00
Axis Bank720.60 732.05 -11.45 -1.56 734.50-481.25
Hind. Unilever1699.80 1724.60 -24.80 -1.44 1,869.50-1,281.10
Indiabulls Hous.730.50 739.95 -9.45 -1.28 1,397.00-575.35


The month has started with a positive note as if the pre-election rally has been started in the Indian stock market. Global cues are also positive these days, the stocks in mid and small cap space started gaining momentum and are ready to make a comeback again in 2019. Now the biggest worry in the market is the geopolitical situation and global economic slowdown.

Indian Stock Market for Tomorrow:


Tomorrow is Nifty and Bank Nifty weekly options expiry, the market will remain volatile. Indian stock market will open as per the global cues tomorrow morning, you should follow the Sgx Nifty just before opening the Indian stock market to check the trend of the market.


You would also like to read Should you follow the global market like Dow Jones, Sgx Nifty etc to trade in India?


Primary Trend of Nifty Future: Up Real-Time Volatility of 10.2087% (Range of 83 Points)



Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 11105 whereas all down moves initiate Short Covering (Buy) @ 11065


If Nifty future moves above 11093 then you should Buy with 1st Target of 11115 during the day with the Stop Loss of 11075 For the Target of 11115-11128-11140 -11155


If Nifty future moves below 11075  then you should Sell with 1st Target of 11055 during the day with the Stop Loss of 11093 FOR the Target of 11055-11043-11031- 11016



Primary Trend of Bank Nifty Future: Up Real-Time Volatility of 12.592% (Range of 142 Points)



Bank Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 27765  whereas all down moves initiate Short Covering (Buy) @ 27635


If Bank Nifty future moves above 27725 then you should Buy with 1st Target of 27800 during the day with the Stop Loss of 27675  For the Target of 27800 -27838 - 27876 - 27923


If Bank Nifty future moves below 27675  then you should Sell with 1st Target of 27600 during the day with the Stop Loss of 27725 FOR the Target of 27600 - 27560 - 27523 - 27476


Conclusion:



Both Nifty and Bank Nifty trend is up, the Indian stock market will open as per global cues tomorrow. Nifty and Bank Nifty would be volatile tomorrow due to weekly options expiry. Traders should remain cautious and can follow the above technical levels of both Nifty and Bank Nifty.




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Happy Investing!


Finogyan Team

Disclaimer-Finogyan has taken due care and caution in compilation of data for its blog. The views and investment tips expressed by investment experts on Finogyan are their own and not that of the website or its management. Finogyan is not SEBI registered Advisors and advises users to check with certified and SEBI registered experts before taking any investment decision. However, Finogyan does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Finogyan especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



Indian Stock Market: Nifty and Bank Nifty Future for 7th March Indian Stock Market: Nifty and Bank Nifty Future for 7th March Reviewed by Finogyan on March 06, 2019 Rating: 5

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