Nifty & Bank Nifty share price in futures for 27th Feb
Nifty & Bank Nifty share price in futures for 27th Feb
Nifty & Bank Nifty share price in futures for 27th Feb: Indian stocks market opened in the negative zone today and after a volatile trading session, it closed in the red. The market was trying to recover in the second half but could not sustain it at a higher level. In the end, the Nifty indices closed below 11700 levels today.
The Nifty share price in futures opened at 11739.65, it was down by 76.9 points from the previous close. It has touched an intraday high at 11787.70 and a day’s low at 11635.30.
During the day the Nifty share price in futures has given a movement of 152.4 points. In the end, it declined by 118.55 points and closed at 11698.
The Bank Nifty share price in futures opened at 30230, it was down by 237.90 points from the previous close. It has touched an intraday high at 30517.10 and a day’s low at 30125.50.
On an intraday basis, the Bank Nifty share price in futures has given a movement of 391.60 points. In the end, it declined by 90.90 points and closed at 30377.
Nifty share price in futures for 27th Feb
Primary Trend in Nifty Futures: volatile
Range-Bound Trend in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 11820 whereas All Down Moves Initiates Short Covering (Buy) @ 11600
If Nifty futures share price Moves Above 11725 and sustain. Then you should Buy with 1st Target of 11746 during the day with a Stop Loss of 11665 FOR the Target of 11746- 11774- 11818
If Nifty futures share price Moves Below 11665 and sustain. Then you should Sell with 1st Target of 11626 during the day with a Stop Loss of 11851 FOR the Target of 11626- 11590- 11560
Bank Nifty share price in futures for 27th Feb
Primary Trend of Nifty Bank Futures: volatile
Range-Bound Trend in Bank Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 30750, whereas All Down Moves Initiates Short Covering (Buy) @ 30100.
If Bank Nifty share price in futures Move Above 30455 and sustain. Then you should Buy with the 1st Target of 30545 during the day with a Stop Loss of 30320. FOR the Target of 30545 – 30640- 30730
If Bank Nifty share price in futures Move Below 30320 and sustain. Then you should Sell with 1st Target of 30251 during the day with a Stop Loss of 30455. FOR the Target of 30251- 30160- 30055.
Conclusions:
Indian stock closed in the red today. The market was highly volatile and would continue to be volatile in tomorrow’s trading session also. The weakness is across the globe. The nervousness in the market is due to the worry of spreading coronavirus outside China and its impact on the business across the globe.
Tomorrow is the monthly derivative expiry a short-covering can be expected in the market. Traders should trade cautiously with strict stop loss tomorrow and can also follow our Nifty & Bank Nifty share price in futures for 27th Feb are mentioned above.
You can also read, 10 best stocks/shares to buy now for 2020
Your Stock Broker will never say these Hidden Charges.
Nifty50 ahead of Derivative market expiry
Please share your views about the post.
If you like the post please share with your friends and others
Happy Investing!
Editor
Disclaimer-Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and not that of the website or its management. Nifty50Stocks.com is not SEBI registered Advisors and advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
