Nifty and Bank Nifty futures for 22nd Nov 

 

Nifty and Bank Nifty Futures today: After getting the negative global cues the Indian benchmark indices opened in a flat note today. The Nifty futures opened at 12007.35, just 10.80 points down, whereas the Bank Nifty futures opened at 31299.95 only 21.30 points down from yesterday’s close.

At close, Nifty futures declined 46.95 points today. Nifty futures touched an intraday high at 12030.05 and day’s low at 11,962.20 On an intraday basis, it has given a movement of 67.85 points and closed at 11,971.20

The Bank Nifty futures down 6.25 points, it has touched an intraday high of 31,444.90 and a day’s low at 31223.60. On a daily basis, Bank Nifty futures has given an intraday movement of 221.30 points and closed at 31315 today.

Both the indices traded in a tight range today.

 

Nifty and Bank Nifty futures technical levels for 22nd Nov

 

Primary Trend Nifty Future: Sideways

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12050 whereas All Down Moves Initiates Short Covering (Buy) @ 11940

If Nifty future share price Moves Above 11990 and sustain. Then you should Buy with 1st Target of 12012 during the day with a Stop Loss of 11960. FOR the Target of 12012-12032- 12052

If Nifty future share price Moves Below 11960  and sustain. Then you should Sell with 1st Target of 11942 during the day with a Stop Loss of 11990. FOR the Target of 11942- 11920- 11900

 

The Bank Nifty future technical levels for 22nd Nov 2019

Primary Trend of Bank Nifty Future: Sideways

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31550, whereas All Down Moves Initiates Short  Covering (Buy) @ 31100

If Bank Nifty future share price Moves Above 31380  and sustain. Then you should Buy with 1st Target of 31430 during the day with a Stop Loss of  31270. FOR the Target of 31430 – 31488- 31545

If Bank Nifty future share price Moves Below 31270 and sustained. Then you should Sell with 1st Target of 31210 during the day with a Stop Loss of 31380. FOR the Target of 31210 – 31160- 31100

Conclusions: 

The Nifty and Bank Nifty futures closed in red today. Global markets are also trading in red due to the delay of the US-China trade deal agreement signing. Both the indices Nifty Futures and Bank Nifty futures were trading range-bound today and in the end, some profit-booking was seen in the market.

Traders need to be cautious now and should trade with strict stop loss. Tomorrow market will open as per the global cues, traders can follow our Nifty and Bank Nifty futures technical levels for 22nd Nov 2019.

 

You can also read, Nifty, Banknifty share price target for 21Nov

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Indian stock market prediction for November 2019 Series

 

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