Nifty, Banknifty share price target for 21Nov

 

Nifty and Banknifty share price target for 21Nov: It was a positive start for Nifty and Banknifty futures today and later extended its morning gains. Today, Nifty future opened at 11,979.40 and touched an intraday high of 12066 and day’s low at 11972.65. During the day Nifty futures has given a movement of 93.35 points. In the end, Nifty futures share price gained 45.15 points and closed at 12014.30. 

Banknifty future share price today opened 90 points up from the previous close. It opened at 31350, touched an intraday high of 31434.40 and day’s low at 31184.55 today. The Banknifty future share price moved only 250 points today.

At close, Banknifty future share price gained only 35.90 points and it closed at 31295.05

 

Nifty and Banknifty futures share price target for tomorrow

Nifty futures share price target for 21Nov19

Primary Trend Nifty Future: Mild up 

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12100 whereas All Down Moves Initiates Short Covering (Buy) @ 11950

If Nifty future share price Moves Above 12020 and sustain. Then you should Buy with 1st Target of 12042 during the day with a Stop Loss of 11990 FOR the Target of 12042-12062- 12090

If Nifty future share price Moves Below 11990  and sustain. Then you should Sell with 1st Target of 11970 during the day with a Stop Loss of 12020. FOR the Target of 11970- 11945- 11925

Banknifty futures share price target for 21Nov

Primary Trend of Banknifty Future: Mild up to Sideways

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31550, whereas All Down Moves Initiates Short  Covering (Buy) @ 31120

If Banknifty future share price Moves Above 31360  and sustain. Then you should Buy with 1st Target of 31420 during the day with a Stop Loss of  31220 FOR the Target of 31420 – 31480- 31550

If Banknifty future share price Moves Below 31220 and sustained. Then you should Sell with 1st Target of 31175 during the day with a Stop Loss of 31360 FOR the Target of 31175 – 31115- 31050

Conclusions: 

Today, Nifty futures and Banknifty futures share price closed in green. Both the indices were trading sideways today. There is no big event on the domestic side. In the global front, the US and China trade agreement signing can boost the market but it is getting delayed.

Tomorrow, traders can follow the SGX Nifty in the morning to get the market opening indication. Traders can also follow our Nifty and Banknifty futures share price target for 21Nov trade.

You can also read, Nifty, Bank Nifty futures technical levels for 20th Nov

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