Nifty and Bank Nifty future for 17th Oct19
Technical levels for Nifty and Bank Nifty future for 17th Oct19, Tomorrow
It was a positive start for the Indian market today. Nifty future opened today 11458.45 and closed at 11483.60 whereas Bank Nifty future opened at 28720.25 and closed at 28615.65
Nifty future made an intraday movement of 64.80 points and touched high at 11484.90 and low of 11420.10 The Bank Nifty future today made a movement of 485.85 and touched high at 28807 and low of 28321.15. The market was volatile but moved in a short-range during the day.
Nifty Futures target for 17th Oct 2019
Primary Trend Nifty Futures: Mild up & Sideways
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11550 whereas All Down Moves Initiates Short Covering (Buy) @ 11430
If Nifty Futures Moves Above 11506 and sustain. Then you should Buy with 1st Target of 11525 during the day with a Stop Loss of 11465 FOR the Target of 11525- 11555- 11582
If Nifty Futures Moves Below 11465 and sustain. Then you should Sell with 1st Target of 11450 during the day with a Stop Loss of 11506 FOR the Target of 11450- 11432- 11405.
PREDICT NIFTY FOR DIWALI MUHURAT DAY CLICK HERE
Technical levels of Bank Nifty futures for 17th Oct 2019
Primary Trend of Bank Nifty Futures: Mild up & Volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 28950, whereas All Down Moves Initiates Short Covering (Buy) @ 27250
If Bank Nifty Futures Moves Above 28720 and sustained. Then you should Buy with 1st Target of 28838 during the day with a Stop Loss of 28550 FOR the Target of 28838 – 28952 – 29050
If Bank Nifty Futures Moves Below 28550 and sustained. Then you should Sell with 1st Target of 28476 during the day with a Stop Loss of 28720 FOR the Target of 28476- 28358- 28220
Conclusions:
Market is looking positive, traders can follow our Nifty and Bank Nifty future for 17th Oct19 views with strict stop loss. The market will open as per global cues in the morning.
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