Nifty, Bank Nifty future share price target for 5th Dec
Nifty & Bank Nifty future share price and technical target for 5th Dec
Nifty & Bank Nifty Future Share price for 5th Dec: It was a negative start for the Indian stock market in the morning but in the second half, the market recovered. The benchmark indices ended in green today at close.
The Nifty futures opened at 12009.90 in the morning, a gap down of 36.55 points. It touched an intraday high at 12098 and a day’s low at 11,977.20. The Nifty futures has given a movement of 120.80 points during the day today. In the end, it gained 46.05 points and closed at 12092.50.
The Bank Nifty future share price opened at 31624.95, it opened a gap down points of 86.25 today morning. It has touched an intraday high of 32125 and day’s low at 31511.25. The Bank Nifty futures share price has given a movement of 613.75 points during the day. In the end, it gained 387.15 points and closed at 32098.35
Both the Nifty and Bank Nifty share prices were volatile today and closed almost at the day’s high.
Nifty futures share price target for 5th Dec19
Primary Trend Nifty Futures: Mild up
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12170 whereas All Down Moves Initiates Short Covering (Buy) @ 12030
If Nifty futures share price Moves Above 12102 and sustain. Then you should Buy with 1st Target of 12127 during the day with a Stop Loss of 12048 FOR the Target of 12127-12148- 12172
If Nifty futures share price Moves Below 12048 and sustain. Then you should Sell with 1st Target of 12027 during the day with a Stop Loss of 12102. FOR the Target of 12027- 12010- 11980
Bank nifty futures share price target for 5th Dec19
Primary Trend of Banknifty Future: Up and Volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 32350, whereas All Down Moves Initiates Short Covering (Buy) @ 31820
If Bank Nifty future share price Moves Above 32150 and sustain. Then you should Buy with 1st Target of 32,270 during the day with a Stop Loss of 31920 FOR the Target of 32270 – 32320- 32408
If Bank Nifty future share price Moves Below 31920 and sustained. Then you should Sell with 1st Target of 31820 during the day with a Stop Loss of 32150 FOR the Target of 31820 – 31718- 31630
Conclusions:
Indian stock market bounced back from the lower level today in the second half. The Bank Nifty futures share price closed almost near to day’s high above 32000 levels. This is in hopes of rate cut in the tomorrow’s RBI Monetary policy outcome. It is expected that RBI mat reduce 25 bps in the interest rate. Tomorrow market may remain volatile due to RBI Monetary policy and Weekly options expiry.
Traders can also follow our Nifty and Bank Nifty futures share price target for 3rd Dec19 and December’s market views and trends here.
You can also read, 10 best stocks/shares to buy now for 2020
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