Nifty and Bank Nifty futures share price target for 26th Nov19

 

Nifty & Bank nifty share price 26th Nov: Indian stock market opened in positive today and extended its early gain at close. The Nifty future share price has reclaimed 12000 levels today after gaining 185.15 points. Nifty futures opened at  11928.20 a gap up of 13.70 points in the morning 

It has touched an intraday high of 12107 and day’s low at 11917.60. During the day Nifty futures has given a movement of 189.40 points today. In the end, Nifty futures share price closed at 12002.75 today.   

Bank Nifty futures share price has opened 34.7 points down today morning and immediately after few minutes of negative trades it turns positive. It has opened at 31080.10 and touched an intraday high at 31590 and day’s low at 31049.05. 

During the day the bank nifty futures share price has given a movement of 540.95 points. In the end, Bank Nifty futures share price gained 469.90 points and closed at 31584.60.

 

Nifty futures share price target for 26th Nov19

Primary Trend Nifty Future: Mild up to sideways

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12200 whereas All Down Moves Initiates Short Covering (Buy) @ 12000 

If Nifty future share price Moves Above 12115 and sustain. Then you should Buy with 1st Target of 12042 during the day with a Stop Loss of 12070 FOR the Target of 12149-12170- 12197

If Nifty future share price Moves Below 12070  and sustain. Then you should Sell with 1st Target of 12040 during the day with a Stop Loss of 12020. FOR the Target of 12040- 12010- 11980

Bank Nifty futures share price target for 26th Nov19

Primary Trend of Banknifty Future: Sideways

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31965, whereas All Down Moves Initiates Short  Covering (Buy) @ 31060

If Bank Nifty future share price Moves Above 31645  and sustain. Then you should Buy with 1st Target of 31750 during the day with a Stop Loss of  31485. FOR the Target of 31750 – 31860- 31932

If Bank Nifty future share price Moves Below 31485 and sustained. Then you should Sell with 1st Target of 31415 during the day with a Stop Loss of 31645. FOR the Target of 31415 – 31310- 31230

Conclusions: 

Today, Nifty futures and Bank Nifty futures share price closed in positive zone. Both the indices Nifty and Bank Nifty are about to touch an all-time high.  Market sentiment both global and domestic has become positive after Donald Trump said last Saturday that the Trade Deal signing is very close. 

Tomorrow, traders should follow the SGX Nifty in the morning to get the market opening indication. Traders can also follow our Nifty and Banknifty futures share price target for 26th Nov tomorrow

 

You can also read, Weekly Stock Market: Sensex and Nifty for next week

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