Nifty, Bank Nifty future technical levels for 24th Oct19
Nifty and Bank Nifty future for 24th Oct19: Indian markets opened in negative today but closed in green. In the end, Nifty future gained 5.85 points and Bank Nifty future gained only 33.65 points. Both the indices closed almost flat today.
Nifty future opened at 11610.25 and touched high at 11684.40 and low at 11575. It has given an intraday movement of 109.40 points and closed at 11630.20. Bank Nifty future opened at 29,400 and touched high at 29,725 and low at 29,122. On an intraday basis, it has given a movement of 603 and closed at 29,526.15.
Technical levels of Nifty and Bank Nifty future for 24th October Tomorrow
The nifty future target for 24th Oct 2019
Primary Trend Nifty Future: Mild Up
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11720 whereas All Down Moves Initiates Short Covering (Buy) @ 11550
If Nifty Future Moves Above 11658 and sustain. Then you should Buy with 1st Target of 11685 during the day with a Stop Loss of 11597 FOR the Target of 11685- 11715- 11740
If Nifty Future Moves Below 11597 and sustained. Then you should Sell with 1st Target of 11576 during the day with a Stop Loss of 11658 FOR the Target of 11576- 11550- 11520
Bank Nifty future for 24th Oct 2019
Primary Trend of Bank Nifty Future: Mild Up
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 29900, whereas All Down Moves Initiates Short Covering (Buy) @ 29000
If Bank Nifty Future Moves Above 29625 and sustained. Then you should Buy with 1st Target of 29790 during the day with a Stop Loss of 29440 FOR the Target of 29790 – 29925 – 30050
If Bank Nifty Future Moves Below 29440 and sustained. Then you should Sell with 1st Target of 29320 during the day with a Stop Loss of 29625 FOR the Target of 29320- 29190- 29010
Conclusions:
Traders should follow the global cues and SGX Nifty for the morning trend. Traders can also follow our Nifty and Bank Nifty future share price technical views for 24th Oct19 tomorrow.
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