The investors on Friday witnessed strong gains at the Indian equity market. The market sentiments were positive due to various factors such as inflow of FII, progress of monsoon, and positive global cues. The Sensex and Nifty opened higher and ended on a much higher note, near the day’s high. The domestic indices including Sensex and Nifty reached new heights on Friday, as both the indices jumped 1.26 per cent and 1.14 per cent, respectively.
Predictions for Nifty Futures for Monday 3 July 2023 are Positive.
For range-bound trend of Nifty Futures, All Up Moves can initiate profit booking @ 19350 whereas All Down Moves can initiate Short Covering @ 19200. If the Nifty futures share price Moves Above 19315 and sustains, then it can touch the 1st target of 19344 during the day with Stop Loss of 19270. The next targets are expected to be 19344-19380-19418.
Bank Nifty Futures Prediction for Monday 3 July 2023 are Positive.
Range-Bound Trend of Bank Nifty Future: All Up Moves can book their profits @ 45250, where the Stop Loss for All Down Moves can be @ 44800. If the Bank Nifty falls below 44640 and sustain, then the index can touch the 1st Target of 44555 during the day with Stop Loss of 44725. The targets for Bank Nifty are 44555-44480-44400.
In conclusion, the Indian stock markets ended on a high note on Friday, and the same sentiment is expected to continue with the indices reaching new highs on Monday.