Nifty, Bank Nifty future technical levels for 30th Sept
The Nifty and Bank Nifty future technical levels for 30th Sept: The Nifty and Bank Nifty future ended the first day of the October series in red. In the morning the Asian markets were not supportive and indicated a negative opening for the Indian market. Indian markets opened in red and traded in a tight range during the day. Read the complete yesterday’s market updates
The Nifty future opened in 11599 and touched 11646.40 as high and low 11565.75 during the day. It has given a movement of only 80.65 points in intraday. The Nifty future closed at 11,579.95.
The Bank Nifty future opened at 30201.00 last Friday and touch high at 30340 and low at 29882.95 during the day. The Bank Nifty future has given a movement of 457.05 points in intraday. It has closed at 30061.30 on last Friday.
Technical levels of Nifty future for 30th Sept
Primary Trend Nifty Future: Trend Up (Sideways)
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11650 whereas All Down Moves Initiates Short Covering (Buy) @ 11480
If Nifty Future Moves Above 11602 and sustain. Then you should Buy with 1st Target of 11625 during the day with a Stop Loss of 11548 FOR the Target of 11625- 11652- 11676
If Nifty Future Moves Below 11548 tomorrow and sustained. Then you should Sell with 1st Target of 11520 during the day with a Stop Loss of 11602 FOR the Target of 11520- 11492- 11474.
Technical levels of Bank Nifty future for 30th Sept
Primary Trend of Bank Nifty Future: Trend up (Sideways)
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 30400, whereas All Down Moves Initiates Short Covering (Buy) @ 29750
If Bank Nifty Future Moves Above 30101. Then you should Buy with 1st Target of 30175 during the day with a Stop Loss of 29980 FOR the Target of 30175 – 30280 – 30418
If Bank Nifty Future Moves Below 29980. Then you should Sell with 1st Target of 29874 during the day with a Stop Loss of 30101 FOR the Target of 29874- 29745- 29638
Conclusions:
The market trend is up, the technical levels of Nifty and Bank Nifty future for 30th Sept is given above. Traders should maintain a strict stop loss while trading in index futures and also follow the global cues on Monday morning.
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