Nifty & Bank Nifty futures share price for 11th March
Nifty & Bank Nifty futures share price for 11th March
Nifty & Bank Nifty futures share price for 11th March: The indication from the global market was negative on Monday morning. As the global market indicated, the Indian market also opened in the red. The crude oil price tank on Monday due to subdued demand and Russia not ready to cut oil output. The worldwide market sentiment is getting worst and dampened due to the impact of the coronavirus outbreak.
The Nifty futures share price opened at 10634.40, it was opened gap down by 305.5 points from the previous close. It has touched an intraday high at 10689.95 and a day’s low at 10266.
On an intraday basis, the Nifty futures share price has given a movement of 423.95 points. In the end, It declined 492.9 points and closed at 10477.
The Bank Nifty futures share price opened at 27111.10, it was opened gap down by 671.85 points from the previous close. It has touched an intraday high at 27244 and a day’s low at 25935.05
During the day, the Bank Nifty futures share price has given a movement of 1308.95 points. In the end, it was down by 1300.95 points
Nifty futures share price for 11th March
Primary Trend in Nifty Futures: down
Range-Bound Trend in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 10550 whereas All Down Moves Initiates Short Covering (Buy) @ 10040
If Nifty share price in NSE futures Moves Above 10480 and sustain. Then you should Buy with 1st Target of 10570 during the day with a Stop Loss of 10350 FOR the Target of 10570- 10630- 10670
If Nifty share price in NSE futures Moves Below 10350 and sustain. Then you should Sell with 1st Target of 10246 during the day with a Stop Loss of 10480 FOR the Target of 10246- 10140- 10040
Bank Nifty futures share price for 11th March
Primary Trend of Nifty Bank Futures: down
Range-Bound Trend in Bank Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 27200, whereas All Down Moves Initiates Short Covering (Buy) @ 25240.
If Bank Nifty share price in NSE futures Move Above 26560 and sustain. Then you should Buy with the 1st Target of 26860 during the day with a Stop Loss of 26210. FOR the Target of 26860 – 27170- 27520
If Bank Nifty share price in NSE futures Move Below 26210 and sustain. Then you should Sell with 1st Target of 25860 during the day with a Stop Loss of 26560. FOR the Target of 25860- 25550- 25240.
Conclusions:
Indian stock market closed in a negative zone on last Monday. Tuesday the Indian market is closed due to Holi. The global market is trading in positive on Tuesday and SGX Nifty is showing flat at 6.30 pm IST. Brent Crude oil is also trading in a positive zone. Tomorrow we may see a positive market but again it will depend on tomorrow’s Asian markets in the morning.
Traders should trade cautiously with strict stop loss and track the Asian markets for tomorrow’s trading. Traders can also follow our Nifty & Bank Nifty futures share price for 11th March for day trading.
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