Nifty & Bank Nifty share price for 30th Jan
Nifty & Bank Nifty share price target in future for 30th Jan
Nifty & Bank Nifty share price for 30th Jan: As mentioned in yesterday’s report, the Indian stock market opened in positive note today and later added more gains. The Asian market was also positive today except Hang Seng and Shanghai. The domestic market will be volatile in the coming three days due to monthly derivative expiry and Union Budget.
The Nifty share price in futures opened at 12114.40, it was up by 46.40 points from yesterday’s close. It has touched an intraday high at 12182.45 and a day’s low at 12095.60.
During the day the Nifty share price in futures has given a movement of 86.85 points. In the end, it gained 53 points and closed at 12121
The Bank Nifty share price in futures has opened at 30960, it was up by 188.40 points from the previous day’s close. It has touched a high at 31109.05 and a day’s low at 30866.
On an intraday basis, the Bank Nifty share price in futures has made a movement of 243.05 points. In the end, it has gained 133.40 and closed at 30905
Nifty & Bank Nifty share price technical levels for 30th Jan
Primary in Nifty Futures: Sideways volatile
Range-Bound in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 12170 whereas All Down Moves Initiates Short Covering (Buy) @ 12050
If Nifty futures share price Moves Above 12151 and sustain. Then you should Buy with 1st Target of 12172 during the day with a Stop Loss of 12094 FOR the Target of 12172- 12195- 12212
If Nifty futures share price Moves Below 12094 and sustain. Then you should Sell with 1st Target of 12065 during the day with a Stop Loss of 12290. FOR the Target of 12065- 12046- 12010
Bank Nifty share price for 30th Jan 2020
Primary Bank Nifty Trend in Futures: Volatile
Range-Bound Bank Nifty Trend in Futures:
All up Moves Initiates Profit Booking (Sale) @ 31050, whereas All Down Moves Initiates Short Covering (Buy) @ 30680
If Nifty Bank future share price Moves Above 30960 and sustains. Then you should Buy with 1st Target of 31010 during the day with a Stop Loss of 30820. FOR the Target of 31010 – 31052- 31125
If Nifty Bank future share price Moves Below 30820 and sustains. Then you should Sell with 1st Target of 30758 during the day with a Stop Loss of 30960. FOR the Target of 30758- 30680- 30595.
Conclusions:
Indian stock market bounced back after two days fall, the market was trading volatile in a tight rage today. Global markets supported the Indian stock market to close in green. Some buying was seen in the Metal and Auto stocks today.
Tomorrow market may remain volatile due to monthly derivative expiry, traders are advised to remain cautious and trade with strict stop loss.
Traders are also advised to follow the global market and can follow our Nifty and Bank Nifty share price levels mentioned above for 30th Jan for trading
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Editor’s desk
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