Nifty, Bank Nifty Future for tomorrow
Nifty, Bank Nifty Future for tomorrow: Indian Market recovered after 6 consecutive days of fall. At close, Nifty future gained 1.79% and closed at 11362.30 whereas Bank Nifty future gained 3.67% and closed at 28894.60. After the initial volatility around 11 am the market got a positive trend and rallied 1st time in the October series.
Today Nifty future opened at 11137.40 and touched high at 11363.25 and low at 11113.75, during the day it has given a movement of 249.50 points. Similarly, the Bank Nifty opened at 27870 and touched high at 28989.95 and low at 27774, on intraday basis Bank Nifty has given a movement of 1215.95 points
Nifty and Bank Nifty Future For tomorrow 10th Oct 2019
Primary Trend Nifty Future: Up
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11220 whereas All Down Moves Initiates Short Covering (Buy) @ 11060
If Nifty Future Moves Above 11382 and sustain. Then you should Buy with 1st Target of 11440 during the day with a Stop Loss of 11294 FOR the Target of 11440- 11490- 11525
If Nifty Future Moves Below 11294 and sustained. Then you should Sell with 1st Target of 11238 during the day with a Stop Loss of 11382 FOR the Target of 11238- 11194- 11120.
Primary Trend of Bank Nifty Future: Up
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 28350, whereas All Down Moves Initiates Short Covering (Buy) @ 27450
If Bank Nifty Future Moves Above 28950 and sustained. Then you should Buy with 1st Target of 29320 during the day with a Stop Loss of 28650 FOR the Target of 29320 – 29540 – 29750
If Bank Nifty Future Moves Below 28650 and sustained. Then you should Sell with 1st Target of 28550 during the day with a Stop Loss of 28950 FOR the Target of 28550- 28338- 28120
Conclusions:
Corporate earnings for TCS and IndusInd Bank for the 2nd quarter will be announced tomorrow during the market. The high-level talks between the US and China will begin tomorrow. Though the market looks positive but traders should remain cautions. Nifty and Bank Nifty future may become volatile tomorrow.
You can also read, Market updates: Nifty, Bank Nifty Oct future
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