Nifty, Bank Nifty Share Price Target for 12th Dec
Nifty& Bank Nifty Share Price Technical Views and Target for 12th Dec
Nifty & Bank Nifty Share price target 12th Dec: Indian stock market opened flat in the morning and after a volatile session, it ended in the green today. In the last hour some buying seen in the market, Nifty closed above 11900. The Yes Bank tanks 15% in the biggest losers in the Bank Nifty.
Today the Nifty future opened at 11907.95 a gap up of only 9.75 points. The Nifty future share price touched an intraday high of 11953.90 and day’s low at 11872.30. It has moved 81 points during the day. In the end, Nifty future has gained 43.8 points and closed at 11942.
The Bank Nifty future share price opened at 31208.30 in the morning, 18.25 points down from the previous day’s close. During the day it has touched an intraday high of 31395.75 and day’s low at 31065.30. It has made a movement of 330.45 points in today’s trading session. In the end, the Bank Nifty future share price gained 123.45 points and closed at 31350.
Nifty futures share price target for 12th Dec19
Primary Trend Nifty Futures: Sideways
Range-Bound Trend of Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 12020 whereas All Down Moves Initiates Short Covering (Buy) @ 11870
If Nifty futures share price Moves Above 11958 and sustain. Then you should Buy with 1st Target of 11972 during the day with a Stop Loss of 11918 FOR the Target of 11972-11994- 12015
If Nifty futures share price Moves Below 11918 and sustain. Then you should Sell with 1st Target of 11890 during the day with a Stop Loss of 11998. FOR the Target of 11890- 11869- 11845
Bank Nifty futures share price target for 12th Dec19
Primary Trend of Bank nifty Future: Sideways to Volatile
Range-Bound Trend of Bank Nifty Future:
All up Moves Initiates Profit Booking (Sale) @ 31580, whereas All Down Moves Initiates Short Covering (Buy) @ 31020
If Bank Nifty future share price Moves Above 31410 and sustain. Then you should Buy with 1st Target of 31450 during the day with a Stop Loss of 31285 FOR the Target of 31450 – 31516- 31560
If Bank Nifty future share price Moves Below 31285 and sustained. Then you should Sell with 1st Target of 31185 during the day with a Stop Loss of 31410 FOR the Target of 31185 – 31135- 31075
Conclusions:
The Indian stock market today closed in a positive note. FED to conclude its meeting today and there is an expectation that the interest rate will remain the same. The CPI inflation will be announced tomorrow after the market, and this time it would be an inch higher. Tomorrow Nifty and Bank Nifty futures options expiry is their, market will remain sideways to volatile due to global events as well as domestic events
Traders can also follow our Nifty and Bank Nifty futures share price target for 12th Dec19 and Weekly market views and trends here.
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Nifty, Bank Nifty futures share price for 11th Dec
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