Nifty and Bank Nifty Future for 1st Oct 2019
Nifty and Bank Nifty Future for 1st Oct 2019 – Nifty and Bank Nifty future opened negative today. In the morning SGX Nifty indicated a negative start for the Indian market. Nifty future opened at 11,549 and Bank Nifty future opened at 29,890.05.
Nifty future touched 11,579.50 as high and low of 11,445 and made an intraday movement of 134.50 points. Whereas Bank Nifty future touched 29955.60 as high and low of 29103.50 and made an intraday movement of 852.10 points.
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Technical levels of Nifty future for 1st Oct
Primary Trend Nifty Future: Mild down
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11625 whereas All Down Moves Initiates Short Covering (Buy) @ 11460
If Nifty Future Moves Above 11565 and sustain. Then you should Buy with 1st Target of 11594 during the day with a Stop Loss of 11520 FOR the Target of 11594- 11625- 11650
If Nifty Future Moves Below 11520 tomorrow and sustained. Then you should Sell with 1st Target of 11495 during the day with a Stop Loss of 11565 FOR the Target of 11495- 11466- 11432.
Technical levels of Bank Nifty future for 1st Oct
Primary Trend of Bank Nifty Future: Mild down
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 29750, whereas All Down Moves Initiates Short Covering (Buy) @ 28800
If Bank Nifty Future Moves Above 29455 on 1st Oct and sustained. Then you should Buy with 1st Target of 29,625 during the day with a Stop Loss of 29190 FOR the Target of 29625 – 29740 – 29845
If Bank Nifty Future Moves Below 29190 on 1st Oct and sustained. Then you should Sell with 1st Target of 28960 during the day with a Stop Loss of 29455 FOR the Target of 28960- 28777- 28610
Conclusions:
Traders can get views on the Nifty and Bank Nifty future technical levels for 1st Oct tomorrow from above. Aug Infrastructure output data will be released today evening. Traders should follow the global cues tomorrow morning market will open as per SGX Nifty’s indication. Tomorrow Market may remain volatile due to Auto sales figure and infrastructure output data.
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