Nifty & Bank Nifty share price today for 5th March

 

Nifty and Bank Nifty share price for today and 5th March: Indian share market opened flat to a positive note today, the market fell in the morning and later tried to recover its losses from its day’s low. Overall it was a volatile day for the Indian market today. The  Pharma, IT &Software and Energy sectors are the gainers for the day whereas other sectors closed in the red.

 

Nifty & Bank Nifty share price today

The Nifty share price today in futures opened at 11298.40, it was opened up by 3.65 points from the previous day. It has touched an intraday high at 11337.90 and a day’s low at 11061.20.

The Nifty share price today in futures has given a movement of 276.7 points. In the end, it has declined 47.75 points and closed at 11247.

The Bank Nifty share price today in futures opened at 29115, it was down by 108.75 points from yesterday’s close. It has touched an intraday high at 29299.90 and a day’s low at 28158.30.

The Bank Nifty share price today in futures has given a movement of 1141.60 points. In the end, it declined by 465.4 points and closed at 28758.35.

 

Nifty share price in futures for 5th March

Primary Trend in Nifty Futures:  down

Range-Bound Trend in Nifty Futures: 

All up Moves Initiates Profit Booking (Sale) @ 11360 whereas All Down Moves Initiates Short Covering (Buy) @ 11100

If Nifty share price in NSE futures Moves Above 11294 and sustain. Then you should Buy with 1st Target of 11360 during the day with a Stop Loss of 11200 FOR the Target of 11360- 11422- 11470

If Nifty share price in NSE futures Moves Below 11200 and sustain. Then you should Sell with 1st Target of 11165 during the day with a Stop Loss of 11294 FOR the Target of 11165- 11092- 11030

 

Bank Nifty share price in futures for 5th March

Primary Trend of Nifty Bank Futures: down

Range-Bound Trend in Bank Nifty Futures: 

All up Moves Initiates Profit Booking (Sale) @ 29000, whereas All Down Moves Initiates Short  Covering (Buy) @ 27900.

If Bank Nifty share price in NSE futures Move Above 28920  and sustain. Then you should Buy with the 1st Target of 29000 during the day with a Stop Loss of  28650. FOR the Target of 29000 – 29125- 29320

If Bank Nifty share price in NSE futures Move Below 28650 and sustain. Then you should Sell with 1st Target of 28470 during the day with a Stop Loss of 28920. FOR the Target of 28470- 28200- 27880.

 

Conclusions: 

Indian benchmark indices Nifty and Bank Nifty share price today closed in the negative zone. The market was volatile throughout the day particularly Bank Nifty but tried to recover its losses from the day’s low. 

The recent spread of coronavirus outside China has dented the global market sentiments. Even the surprise rate cut from the US Fed could not improve the market sentiments. In India, the fresh cases of the virus have dampened the market sentiment and sharp decline seen in the market.

Traders should trade cautiously with strict stop loss and track the global markets for trading. Traders can also follow our  Nifty and Bank Nifty share price today for 5th March for day trading.

 

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Editor’s desk

 

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