Nifty, Bank nifty future share price target 1st Nov 2019
Nifty and Bank nifty future share price target 1st Nov 2019: A positive global cues after yesterday’s FED’s rate cut lift the Indan market today. Nifty future opened at 11880.05, almost 39.85 points gap up. Bank Nifty future opened at 30100.15 and it has opened at 113.70 points gap up.
The market extended its early gains in the afternoon after the news of Yes Bank’s global investment, you can read the details here. But in the last hour, some profit booking was seen in the market.
At close, Nifty future share price touched a day high of 11947.40, day low of 11858.25 and gained 38.85 points. Whereas Bank Nifty future share price touched an intraday high of 30399.10, day low at 29752.25 and gained 78.50 points.
Nifty future share price closed at 11879.05 whereas Bank Nifty future share price closed at 30064.95.
The nifty futures share price target for 1st Nov 2019
Primary Trend Nifty Futures: Mild up
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11970 whereas All Down Moves Initiates Short Covering (Buy) @ 11820
If Nifty share price in future Moves Above 11915 and sustain. Then you should Buy with 1st Target of 11931 during the day with a Stop Loss of 11865 FOR the Target of 11931- 11952- 11970
If Nifty shares price in future Moves Below 11865 and sustain. Then you should Sell with 1st Target of 11840 during the day with a Stop Loss of 11895. FOR the Target of 11840- 11820- 11798
Bank Nifty futures share price target for 1st Nov 2019
Primary Trend of Bank Nifty Futures: Mild up to sideways
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 30500, whereas All Down Moves Initiates Short Covering (Buy) @ 29600
If Bank Nifty shares price in future Moves Above 30135 and sustain. Then you should Buy with 1st Target of 30190 during the day with a Stop Loss of 29920. FOR the Target of 30190 – 30380 – 30550
If Bank Nifty share price in future Moves Below 29920 and sustained. Then you should Sell with 1st Target of 29778 during the day with a Stop Loss of 30082. FOR the Target of 29778- 29590- 29440
Conclusions:
Tomorrow the 1st day of the November derivative series, the Indian market will open as per global cues. It is always better to avoid the 1st day of the series to know the market direction. The market is looking positive a new high can be expected in the November series.
Traders can follow our Nifty and Bank Nifty futures share price target for 1st Nov19 with strict stop loss.
You can also read,Market updates: Nifty, Bank Nifty Oct future
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Editor
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