Nifty & Bank Nifty Futures technical levels target for 13th Dec

 

Nifty & Bank Nifty futures for 13th Dec: Indian stock market opened in positive zone in the morning. The benchmark indices were trading in the positive territory throughout the day. In the end, the market closed in positive zone. 

The Nifty futures share price opened at 11998.95 in the morning, a gap of 60.80 points. It has touched an intraday high at 12054.95 and day’s low at 11966.30. During the day the Nifty futures has given a movement of 88.65 points. In the end, it gained 84.10 points and closed at 12022.25.

The Bank Nifty futures share price opened at 31406.30 in the morning, a gap up of 92.05 points. It has touched an intraday high at 31745 and a day’s low at 31405. During the day it has given a movement of 340 points. In the end, the Bank Nifty future share price gained 406.15 points and closed at 31720.40.

 

Nifty futures share price target for 13th Dec19

Primary Trend Nifty Futures: Mild up to Sideways

Range-Bound Trend of Nifty Futures:

All up Moves Initiates Profit Booking (Sale) @ 12100 whereas All Down Moves Initiates Short Covering (Buy) @ 11980 

If Nifty futures share price Moves Above 12040 and sustain. Then you should Buy with 1st Target of 12065 during the day with a Stop Loss of 12008 FOR the Target of 12065-12084- 12108

If Nifty futures share price Moves Below 12008 and sustain. Then you should Sell with 1st Target of 11990 during the day with a Stop Loss of 12040. FOR the Target of 11990- 11970- 11950

 

Bank Nifty futures share price target for 13th Dec19

Primary Trend of Banknifty Future: Mild up 

Range-Bound Trend of Bank Nifty Future:

All up Moves Initiates Profit Booking (Sale) @ 31980, whereas All Down Moves Initiates Short  Covering (Buy) @ 31400

If Bank Nifty future share price Moves Above 31760  and sustain. Then you should Buy with 1st Target of 31840 during the day with a Stop Loss of  31620 FOR the Target of 31840 – 31920- 32010

If Bank Nifty future share price Moves Below 31620 and sustained. Then you should Sell with 1st Target of 31578 during the day with a Stop Loss of 31760 FOR the Target of 31578 – 31510- 31385

 

Conclusions: 

The Nifty futures closed above 12000 levels and Bank Nifty futures closed near day’s high. The Indian market may trade in a positive to sideways for tomorrow. But it all again depends on global cues and CPI inflation rate which is supposed to announced at 5.30 pm today.

Traders can also follow our Nifty Futures and Bank Nifty futures share price target for 13th Dec19 and Weekly market views and trends here.

 

You can also read, 10 best stocks/shares to buy now for 2020

                              Nifty, Bank Nifty Share Price Target for 12th Dec

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