Nifty50 and Bank Nifty

Bank nifty| Nifty50 future trading view for 15th Nov19

Bank nifty and Nifty50 futures trading view for 15th Nov19: It was a positive start for the Indian market today. Nifty50 future was trading range-bound till afternoon. In the last hour, the market rallied and the benchmark Indices closed in green.

Nifty50 future opened at 11875.05 and touched an intraday high of 11924.50 and days low at 11825.45 today. During the day Nifty50 future has given a movement of 99.05  points and closed at 11897.50.

The Bank Nifty future was volatile form the morning itself. It has opened at 30580 almost flat and touched an intraday high of 30830 and day’s low at 30361.35 today. During the day it has given a movement of 468.65 points and closed at 30790. 

Nifty50 and Bank Nifty future trading view for tomorrow 15th Nov 2019

The nifty future analysis for 15th Nov 2019

Primary Trend Nifty50 Future: Sideways

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11960 whereas All Down Moves Initiates Short Covering (Buy) @ 11880

If Nifty50 future share price Moves Above 11912 and sustain. Then you should Buy with 1st Target of 11938 during the day with a Stop Loss of 11878. FOR the Target of 11938 -11960- 11980

If Nifty50 future share price Moves Below 11878  and sustain. Then you should Sell with 1st Target of 11858 during the day with a Stop Loss of 11912. FOR the Target of 11858- 11838- 11810

Bank Nifty share price target for 15th Nov 2019

Primary Trend of Bank Nifty Future: Mild up & sideways

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31050, whereas All Down Moves Initiates Short  Covering (Buy) @ 30350

If Bank Nifty future share price Moves Above 30820  and sustain. Then you should Buy with 1st Target of 30952 during the day with a Stop Loss of  30676 FOR the Target of 30952 – 31055- 31125

If Bank Nifty future share price Moves Below 30676 and sustained. Then you should Sell with 1st Target of 30580 during the day with a Stop Loss of 30778 FOR the Target of 30580 – 30497- 30360

Conclusions: 

The benchmark indices closed in green today. The Bank Nifty future was trading volatile in a range. It is because of yesterday’s CPI numbers, WPI numbers, Moody’s GDP cut, and the global cues. The market looks mild up to sideways for tomorrow.

Traders should follow global cues to know the opening of the Indian stock market tomorrow morning. Investors can carry long positions for the long term perspective. Traders can follow our Nifty50 future and Bank Nifty future targets for tomorrow 15th Nov.

You can also read, Market ahead of Consumer Price Index (CPI) data of India

Nifty, Bank nifty share price target for 14th Nov19

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