Nifty, Bank Nifty futures target for 29th Oct
Nifty, Bank Nifty futures target for 29th Oct: Monday the Indian stock market is closed on account of Diwali. This week there will be four trading sessions with many events like expiry, heavyweights earnings, FED meetings, Auto sales numbers are few of them.
On Sunday, Diwali Muhurat trading was positive for the market. Let’s hope that this year we can see a strong up move in the market.
Nifty and Bank Nifty futures share price target for 29th Oct Tomorrow
The nifty futures share price target for 29th Oct 2019
Primary Trend Nifty Futures: Mild up to sideways
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11700 whereas All Down Moves Initiates Short Covering (Buy) @ 11550
If Nifty futures share price Moves Above 11655 and sustain. Then you should Buy with 1st Target of 11680 during the day with a Stop Loss of 11618 FOR the Target of 11680- 11708- 11730
If Nifty Futures shares price Moves Below 11618 and sustain. Then you should Sell with 1st Target of 11694 during the day with a Stop Loss of 11628 FOR the Target of 11594- 11574- 11548
Bank Nifty futures share price target for 29th Oct 2019
Primary Trend of Bank Nifty Futures: Mild up
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 29750, whereas All Down Moves Initiates Short Covering (Buy) @ 29250
If Bank Nifty Future shares price Moves Above 29565 and sustain. Then you should Buy with 1st Target of 29620 during the day with a Stop Loss of 29420 FOR the Target of 29620 – 29674 – 29745
If Bank Nifty Futures share price Moves Below 29420 and sustained. Then you should Sell with 1st Target of 29378 during the day with a Stop Loss of 29620 FOR the Target of 29378- 29320- 29265
Conclusions:
Tomorrow the market will open as per the indication of SGX Nifty and Asian Markets. Market will be volatile this week because of monthly derivative expiry, Q2 earnings and Fed rate decision.
Traders can also follow our Nifty and Bank Nifty futures share price target for 29th Oct19 tomorrow.s
You can also read, Market updates: Nifty, Bank Nifty Oct future
Indian Stock Market Outlook for September Series
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