Nifty, Bank Nifty share price target 30th Oct
Nifty, Bank Nifty share price for 30th Oct: Indian stock market extended its gains and closed in a positive note today. The nifty future share price closed at 11797.10 and Bank Nifty future share price closed at 29896.20 in the end.
Nifty and Bank Nifty share price movement:
The nifty future share price opened today at 11670.65 and gained 172.10 points on an intraday basis touched high at 11,823.90 and low at 11,637.05 at the end. Whereas Bank Nifty future share price opened at 29550.40, it gained 398.90 points during the day touched day’s high at 30040 and low at 29355.10.
Among sectors, Auto, Banks, IT, Metals and Insurance are the big gainers today. Whereas the Telecom sector is the major loser today. The FIIs and DIIs are both net buyers in the cash segment today.
Primary Trend Nifty Future: Up
Range-Bound Trend of Nifty share price: All up Moves Initiates Profit Booking (Sale) @ 11900 whereas All Down Moves Initiates Short Covering (Buy) @ 11750
If Nifty futures share price Moves Above 11812 and sustain. Then you should Buy with 1st Target of 11865 during the day with a Stop Loss of 11750 FOR the Target of 11865- 11894- 11927
If Nifty Futures shares price Moves Below 11750 and sustain. Then you should Sell with 1st Target of 11720 during the day with a Stop Loss of 11812 FOR the Target of 11720- 11690- 11638
Bank Nifty futures share price target for 30th Oct 2019
Primary Trend of Bank Nifty Futures: Up
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 30,400, whereas All Down Moves Initiates Short Covering (Buy) @ 29600
If Bank Nifty Future shares price Moves Above 29980 and sustain. Then you should Buy with 1st Target of 30170 during the day with a Stop Loss of 29776 FOR the Target of 30170 – 30308 – 30425
If Bank Nifty Futures share price Moves Below 29776 and sustained. Then you should Sell with 1st Target of 29636 during the day with a Stop Loss of 29980 FOR the Target of 29636- 29490- 29280
Conclusions:
Today, the Indian stock market closed in a strong bullish note. FIIs and DIIs were the net buyers in the cash segment today which is also a positive sign. Market may be volatile tomorrow because of the outcome of the FED rate cut decision in the evening.
You can also follow our Nifty and Bank Nifty futures share price target for 30th Oct19.
You can also read, Market updates: Nifty, Bank Nifty Oct future
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