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Nifty & Bank Nifty Prediction for Tomorrow, 12 Jan 2022

NSE:BANKNIFTY   Nifty Bank Index
The Nifty futures price opened at 18026.65, making a negative opening of 21.55 points. It has touched an intraday high at 18121 and a day’s low at 17994.75.

The Bank Nifty futures opened at 38477.85, It made a positive opening of 9.5 points today. It has touched an intraday high at 38634.95 and a day’s low at 38180.

Primary Nifty Trend in futures: Positive

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18150 whereas All Down Moves Initiates Short Covering (Buy) @ 18040

If the Nifty futures share price Moves Above 18115 and sustain. Then you should Buy with 1st Target of 18146 during the day with a Stop Loss of 18094 FOR the Target of 18146- 18176- 18209.

Primary Trend of Bank Nifty Futures: Positive

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38900 whereas All Down Moves Initiates Short Covering (Buy) @ 38200.

Suppose the Bank Nifty futures Moves Above 38725 and sustain, then you should Buy with the 1st Target of 38835 during the day with a Stop Loss of 38640 the Target of 38835 – 38976 – 39150.
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