Nifty & Bank Nifty share price for 28th Jan
Nifty & Bank Nifty share price target for 28th Jan
Nifty & Bank Nifty share price for 28th Jan: It was a negative start for the Indian stock market and the market extended its early losses in the second half. The concern of domestic economic slowdown and weak global cues increased selling pressure in frontline stocks today.
The Nifty future share price opened at 12168.85, it was down by 102.75 points from the previous day’s close. It has touched an intraday high at 12209.60 and a day’s low at 12117.50
During the day, the Nifty future share price has given a movement of 92.10 points today. In the end, it plunges 152.65 points and closed at 12118.95
The Bank Nifty share price in futures opened at 31050.10, it was down today by 280.05 points in the morning. On an intraday basis, it has touched high at 31239.90 and a day’s low at 30850
On an intraday basis, the Bank Nifty share price in future has given a movement of 389.90 points. In the end, it tanks 480.35 points and closed at 30850.
Today both Nifty and Bank Nifty future closed near the day’s low.
Nifty future share price for 28th Jan 2020
Primary in Nifty Futures: Sideways
Range-Bound in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 12210 whereas All Down Moves Initiates Short Covering (Buy) @ 12000
If Nifty futures share price Moves Above 12150 and sustain. Then you should Buy with 1st Target of 12180 during the day with a Stop Loss of 12080 FOR the Target of 12180- 12209- 12240
If Nifty futures share price Moves Below 12080 and sustain. Then you should Sell with 1st Target of 12058 during the day with a Stop Loss of 12290. FOR the Target of 12058- 12012- 11990.
Bank Nifty future share price for 28th Jan 2020
Primary Bank Nifty Trend in Futures: Mild Down
Range-Bound Bank Nifty Trend in Futures:
All up Moves Initiates Profit Booking (Sale) @ 31100, whereas All Down Moves Initiates Short Covering (Buy) @ 30400
If Nifty Bank future share price Moves Above 30980 and sustains. Then you should Buy with 1st Target of 31048 during the day with a Stop Loss of 30720. FOR the Target of 31048 – 31110- 31220
If Nifty Bank future share price Moves Below 30720 and sustains. Then you should Sell with 1st Target of 30660 during the day with a Stop Loss of 30980. FOR the Target of 30660- 30590- 30397.
Conclusions:
Indian stock market closed today near the day’s low, the market may also extend its losses tomorrow. The global market has not supported due to the sharp increases in the number of people affected in an outbreak of Coronavirus in China and the US.
Traders are also advised to follow the global market and can follow our Nifty and Bank Nifty share price in future for 28th Jan for trading
You can also read, 10 best stocks/shares to buy now for 2020
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