Nifty & Bank Nifty future share price for 24th April
Nifty & Bank Nifty future share price and technical levels for 24th April
Nifty & Bank Nifty future share price for 24th April: Indian stock market extended is early morning gains today in the end. The market sentiment was positive as Principal Economic Adviser Sanjeev Sanyal said more calibrated monetary and fiscal stimulus measures are on the way to deal with the current economic situation. He has also assured that some parts of the economy will be functioning post 3rd May.
Traders overlooked the Fitch rating which has slashed India’s economic growth projections to 0.8% in the current fiscal FY20-21. The rating agency has said that an unparalleled global recession is underway due to disruption caused by the coronavirus pandemic outbreak and lockdowns
On the global front, Asian markets closed in positive except Shanghai and Strait Times. The European markets are trading in a flat note.
Sensex, Nifty and Bank Nifty share price today on spot level
At close, Nifty 50 gained 126.60 points or 1.38% and closed at 9313.90 while Sensex was up by 483.53 points or 1.55% and at 31863.08. The Bank Nifty share price gained 566.15 points or 2.87% and closed at 20268.
The Nifty midcap and smallcap 100 indexes also closed in green today. The Nifty midcap index gained 161.05 or 1.26% whereas the smallcap index was up by 68.85 points or 1.73% during the day.
The top Nifty50 stocks for the day are Kotak Mahindra Bank, TCS, Infosys, ICICI Bank, and Zee Entertainment. On the losing side Titan Company, HUL, Shree Cement, Power Grid, and NTPC are closed in the red.
On the sectoral front, IT & Software, Banking & Finance, Metal, Oil& Gas, and Hospitality are the gainers. On the other hand, Power, FMCG, Aviation, Insurance, Telecom, and Industrial gas are closed in red today.
Nifty and Bank Nifty future share price today
The Nifty future share price opened today at 9200, it was up by 11.70 points. It has touched an intraday high at 9327.80 and a day’s low at 9158.45
During the day Nifty future share price has given a movement of 169.35 points. In the end, it was gained 98.80 points and closed at Rs 9287.10
The Bank Nifty future share price today opened at 19797.95, it was up by 120.55 points. It has touched an intraday high at 20299.85 and a day’s low at 19539.90.
During the day the Bank Nifty future share price has given a movement of 759.95 points. In the end, it was up 432.60 points and closed at 20110.
Nifty and Bank Nifty future share price target for 24th April 2020
Nifty Future share price target for 24th April 2020
Primary Nifty Trend in futures: Bearish
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 9385 whereas All Down Moves Initiates Short Covering (Buy) @ 9130
If Nifty futures share price Moves Above 9310 and sustain. Then you should Buy with 1st Target of 9348 during the day with a Stop Loss of 9248 FOR the Target of 9348- 9384- 9422
If Nifty futures share price Moves Below 9248 and sustain. Then you should Sell with 1st Target of 9220 during the day with a Stop Loss of 9310. FOR the Target of 9220- 9184- 9138
Bank Nifty future share price target for 24th April 2020
Primary Trend of Bank nifty Future: Bearish
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 20450, whereas All Down Moves Initiates Short Covering (Buy) @ 19670
If Bank Nifty future share price Moves Above 20220 and sustain. Then you should Buy with 1st Target of 20425 during the day with a Stop Loss of 19976 FOR the Target of 20425 – 20576- 20740
If Bank Nifty future share price Moves Below 19976 and sustained. Then you should Sell with 1st Target of 19825 during the day with a Stop Loss of 20220 FOR the Target of 19825 – 19670- 19450
Conclusions:
Indian stock market rallied for the second consecutive day on the hopes of stimulus package and support from the government. The global market was also supportive and ignored the fitch rating. The international benchmark Brent crude oil price is trading higher for the second consecutive day. It is trading at $21.98 per barrel and touched day’s high at $23.20 per barrel.
Traders should trade with caution and avoid any overnight carry forward position. Traders can also follow our Nifty and Bank Nifty future share price for 24th April.
You can also read, Your Stock Broker will never say these Hidden Charges.
10 Best Stock Market books to read while in quarantine
If you like the post please share with your friends and others
Happy Investing!
Editor
Disclaimer-Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and not that of the website or its management. Nifty50Stocks.com is not SEBI registered Advisors and advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com 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. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
