Nifty and Bank Nifty prediction in futures for 6th Aug

 

Nifty & Bank Nifty Prediction in Futures for 6th Aug: Indian markets opened in the green today but erased all early gains in the second half. The markets were trading volatile in a tight range today in the last hour just before closing in a flat note. You can read details today’s market updates here 

 

Nifty and Bank Nifty share price in futures today

 

The Nifty share price in futures opened at 11131.90, it made a positive opening of 29.85 points today. It has touched an intraday high at 11226.05 and a day’s low at 11063.35

The Nifty share price in futures has given a movement of 162.7 points. In the end, it gained by 29.95 points or 0.27% and closed at 11132 levels

The Bank Nifty share price in futures opened at 21699 it was made a positive opening of 147.15 points today. It has touched an intraday high at 21999.90 and a day’s low at 21464.05

During the day the Bank Nifty share price in futures has given a movement of 535.85 points. In the end, it added by 55.8 points or 0.26% and closed at 21607.65 levels.

 

Nifty and Bank Nifty prediction in futures for 6th Aug (Aug Expiry)

 

 

Nifty prediction in futures for 6th Aug 2020

Primary Nifty Trend in futures: Mild Positive

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11230 whereas All Down Moves Initiates Short Covering (Buy) @ 11030

If Nifty share price in futures Moves Above 11152 and sustain. Then you should Buy with 1st Target of 11180 during the day with a Stop Loss of 11028. FOR the Target of 11180- 11208- 11228

If Nifty share price in futures Moves Below 11028 and sustain. Then you should Sell with 1st Target of 11002 during the day with a Stop Loss of 11152. FOR the Target of 11002- 10980- 10954

 

Bank Nifty prediction in futures, 6th Aug  2020

Primary Trend of Bank Nifty Futures: Mild Positive and Volatile

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 22070, whereas All Down Moves Initiates Short  Covering (Buy) @ 21400

If the Bank Nifty share price in futures  Moves Above 21750 and sustain. Then you should Buy with 1st Target of 21815 during the day with a Stop Loss of  21525. FOR the Target of 21815 – 21920- 22070

If the Bank Nifty share price in futures Moves Below 21525 and sustained. Then you should Sell with 1st Target of 21380 during the day with a Stop Loss of 21750. FOR the Target of 21380 – 21260- 21155

 

Conclusions:

Indian market ended a volatile trading session and later closed in a flat today. Weak macroeconomic data spoiled the market mood in the morning. The Investors were also cautious ahead of the RBI monetary policy outcome which is scheduled tomorrow.

Nifty is looking range-bound tomorrow would try to close above 11200 levels in the coming days and Bank Nifty may remain volatile tomorrow. You may be interested to check out the latest charting platform for your strategy here. Traders can also follow our Daily Stock/Share Market live and NSE Nifty and Bank nifty share price target in futures for 05th Aug

 

You can also read, Best Stock Market Books to Make Money

 

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