Nifty, Bank Nifty future trends for 26th Sept
Nifty and Bank Nifty future trends for 26th Sept-As indicated in our last two days report, the Nifty and Bank Nifty future has opened in negative today. The global cues were not supportive and so the market has extended the morning losses. At close Nifty future closed at 11,461.90 Bank Nifty future closed at 29616.50
Today morning Nifty future opened gap down at 11,596.45 and made a high at the same level and low of 11,442.40. During the day Nifty future movement was 154.05 points. Bank Nifty future opened at 30073.95 and touched high 30080.90 and low of 29511, during the day Bank Nifty made a movement of 570 points.
Nifty future Trends for 26th Sept
Primary Trend Nifty Future: Volatile
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11590 whereas All Down Moves Initiates Short Covering (Buy) @ 11380
If Nifty Future Moves Above 11502 and sustain. Then you should Buy with 1st Target of 11527 during the day with a Stop Loss of 11440 FOR the Target of 11527- 11558- 11594
If Nifty Future Moves Below 11440 tomorrow. Then you should Sell with 1st Target of 11410 during the day with a Stop Loss of 11640 FOR the Target of 11410- 11376- 11340
Bank Nifty future Trends for 26th Sept
Primary Trend of Bank Nifty Future: Volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 29950, whereas All Down Moves Initiates Short Covering (Buy) @ 29250
If Bank Nifty Future Moves Above 29740. Then you should Buy with 1st Target of 29832 during the day with a Stop Loss of 29560 FOR the Target of 29832 – 29950 – 30060.
If Bank Nifty Future Moves Below 29560. Then you should Sell with 1st Target of 29394 during the day with a Stop Loss of 30282 FOR the Target of 29394- 29278- 29150
Conclusions:
Tomorrow is F&O monthly expiry, the market will be volatile. Traders can refer our views on Nifty and Bank Nifty future trends for tomorrow, 26th Sept. Occasional traders are advised to stay out from the market for the coming two days.
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Market Updates: Positive global cues lift the Nifty today
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