Nifty and Bank Nifty share price target for 5th Aug

 

Nifty & Bank Nifty share price target for 5th Aug: Indian stock market opened in the green after getting positive signals from the global market in the morning. The Nifty and Bank Nifty futures extended their morning gains and closed in the strong note. The heavyweight stocks Reliance, ZEEL, and HDFC Bank supported the Nifty and Bank Nifty futures to close higher today. You can read details today’s market updates here

 

Nifty and Bank Nifty share price in futures today

 

The Nifty share price in futures opened at 10940, it made a positive opening of 26.60 points today. It has touched an intraday high at 11114.25 and a day’s low at 10912.35

The Nifty share price in futures has given a movement of 201.90 points. In the end, it gained by 196.95 points or 1.80% and closed at 11110.35 levels

The Bank Nifty share price in futures opened at 21299.95 it was made a positive opening of 134.05 points today. It has touched an intraday high at 21633 and a day’s low at 21106.05

During the day the Bank Nifty share price in futures has given a movement of 526.95 points. In the end, it added by 446.4 points or 1.83% and closed at 21552.45 levels.

 

Nifty & Bank Nifty share price target in futures for 5th Aug (Aug Expiry)

 

 

Nifty share price target in futures for 5th Aug 2020

Primary Nifty Trend in futures: Positive

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11210 whereas All Down Moves Initiates Short Covering (Buy) @ 11050

If Nifty share price in futures Moves Above 11130 and sustain. Then you should Buy with 1st Target of 11148 during the day with a Stop Loss of 11038. FOR the Target of 11148- 11180- 11216

If Nifty share price in futures Moves Below 11038 and sustain. Then you should Sell with 1st Target of 11012 during the day with a Stop Loss of 11130. FOR the Target of 11012- 10976- 10940

 

 

 Bank Nifty share price in futures, 5th Aug  2020

Primary Trend of Bank Nifty Futures: Positive

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 21750, whereas All Down Moves Initiates Short  Covering (Buy) @ 21250

If the Bank Nifty share price in futures  Moves Above 21620 and sustain. Then you should Buy with 1st Target of 21770 during the day with a Stop Loss of  21415. FOR the Target of 21770 – 21845- 21940

If the Bank Nifty share price in futures Moves Below 21415 and sustained. Then you should Sell with 1st Target of 21330 during the day with a Stop Loss of 21620. FOR the Target of 21330 – 21225- 21120

 

Conclusions:

Indian market rebound after losing four days in a row. The Nifty reclaims 11000 with the support of Reliance and HDFC Bank’s stock. The positive global markets supported by strong macro data of the US, UK, and China motivated the traders to remain as buyers in the market

Nifty is looking positive and may touch 11200-11350 again with the support of 11050-11000. You may be interested to check out the latest charting platform for your strategy here. Traders can also follow our Daily Stock/Share Market live and NSE Nifty and Bank nifty share price target in futures for 05th Aug

 

You can also read, Best Stock Market Books to Make Money

 

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