Nifty,Bank nifty share price future for 31st Oct
Nifty, Bank Nifty share price future 31st Oct: The market today opened in a positive note as indicated by the SGX Nifty in the morning. Nifty future opened at 11852.30, almost 56.85 points up. Bank Nifty future opened at 30015.40 and it has opened at 115 points gap up.
The market fell immediately after opening in green and then in the afternoon it regain its positive momentum. At close, Nifty share price in future touched a day high of 11877.60, day low of 11785.25 and gained 58.45 points. Whereas Bank Nifty future share price touched an intraday high of 30151.40, day low at 29740.05 and gained 107.55 points.
Nifty share price in the future closed at 11853.90 whereas Bank Nifty future share price closed at 30008.
The nifty future share price target for 31st Oct 2019
Primary Trend Nifty Futures: Up
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11950 whereas All Down Moves Initiates Short Covering (Buy) @ 11780
If Nifty share price in future Moves Above 11865 and sustain. Then you should Buy with 1st Target of 11890 during the day with a Stop Loss of 11836 FOR the Target of 11890- 11915- 11940
If Nifty shares price in future Moves Below 11836 and sustain. Then you should Sell with 1st Target of 11818 during the day with a Stop Loss of 11628 FOR the Target of 11818- 11797- 11774
Bank Nifty futures share price target for 31st Oct 2019
Primary Trend of Bank Nifty Futures: Mild up to sideways & Volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 30300, whereas All Down Moves Initiates Short Covering (Buy) @ 29700
If Bank Nifty future Moves Above 30085 and sustain. Then you should Buy with 1st Target of 30135 during the day with a Stop Loss of 29935FOR the Target of 30135 – 30215 – 30272
If Bank Nifty future Moves Below 29935 and sustained. Then you should Sell with 1st Target of 29880 during the day with a Stop Loss of 30085 FOR the Target of 29880- 29800- 29744
Conclusions:
Tomorrow the market will react on FEDs meeting outcome. Tomorrow monthly derivative expiry is scheduled. Indian market will remain volatile on the above two issues. Traders can follow our Nifty and Bank Nifty future share price target for 31st Oct19 with strict stop loss.
You can also read, Nifty50 closed above 11800 today | Sensex above 40K
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