Nifty & Bank Nifty future share price for 13th Jan
Nifty & Bank Nifty future share price target for 13th Jan
Nifty & Bank Nifty Future Share Price for 13th Jan: The Indian stock market opened positive on Friday and closed in green. The market was volatile during the noon after a weak European market cue and erased its most of its gain on the last day of the week.
The Nifty future share price opened at 12294.65 on Friday, it was up by 24.90 from the previous day’s close. It has touched an intraday high at 12357 and a day’s low at 12255.20.
During the intraday, Nifty future share price gave a movement of 101.80 points. In the end, it gained 23.75 points and closed at 12293.50.
The Bank Nifty future share price opened at 32263.95 on the last day of the week. It was opened up by 111.30 points on Friday morning. It has touched an intraday high at 32384.95 and the day’s low at 31980.
On an intraday basis, the Bank Nifty future share price gave a movement of 404.95 points yesterday. In the end, it fell 40.60 points from the previous days and closed at 32112.05.
The Nifty future share price for 13th Jan 2020
Primary Trend of Nifty Futures share price: Sideways
Range-Bound Trend of Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 12340 whereas All Down Moves Initiates Short Covering (Buy) @ 12200
If Nifty futures share price Moves Above 12308 and sustain. Then you should Buy with 1st Target of 12328 during the day with a Stop Loss of 12275 FOR the Target of 12328- 12348- 12370
If Nifty futures share price Moves Below 12275 and sustain. Then you should Sell with 1st Target of 12255 during the day with a Stop Loss of 12308. FOR the Target of 12255- 12227- 12200.
Bank Nifty future share price for 13th Jan 2020
Primary Trend of Bank Nifty Future: Sideways
Range-Bound Trend of Bank Nifty Future:
All up Moves Initiates Profit Booking (Sale) @ 32350, whereas All Down Moves Initiates Short Covering (Buy) @ 31870
If Bank Nifty share price future Moves Above 32160 and sustain. Then you should Buy with 1st Target of 32240 during the day with a Stop Loss of 32050. FOR the Target of 32240 – 32320- 32450
If Bank Nifty share price future Moves Below 32050 and sustained. Then you should Sell with 1st Target of 31940 during the day with a Stop Loss of 32160. FOR the Target of 31940 – 31850- 31760.
Conclusions:
Indian equity market closed in the green last Friday whereas the Bank Nifty future closed marginally lower. The market will move sideways positive in the next week. We can see stock-specific action in the market due to Q3 numbers.
The November IIP number came after the market on Friday was positive after three consecutive contractions. The IT major Infosys numbers are as per line and beats street estimates can see positive momentum in the IT sector on Monday.
Next week the US-China trade deal phase one agreement will be signed. So the market may remain positive in the next week unless there is any negative news from the US-Iran front.
Traders should follow the development of the global market for cues. You can also follow our Nifty and Bank Nifty future share price target for 13th Jan for trading.
You can also read, Nifty Sensex weekly updates: Key factors for next week
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