Nifty & Bank Nifty share price 3rd Jan 2020
Nifty & Bank Nifty future share price for 3rd Jan 2020
Nifty & Bank Nifty Share Price 3rd Jan: The Indian stock market opened in the green today. The market extends its early gain after the positive IHS Markit PMI Manufacturing data was released. Later the market closed near the day’s high in positive note.
The nifty future opened at 12252.10, it was up by 8.30 points. The Nifty future share price has touched an intraday high at 12344.50 and the day’s low at 12245.50.
During the day the Nifty future share price has given a movement of 99 points. It has gained 94.20 points in the end and closed at 12238.
The Bank Nifty share price opened today at 32299, it was up by 290.10 points in the morning. It has touched an intraday high at 32606.05 and the day’s low at 32281.55.
The Bank Nifty future share price has given a movement of 324.50 points during the day. In the end, it gained 293.75 points and closed at 32575.30.
Nifty & Bank Nifty Future share price target for 3rd Jan 2020
Primary Trend of Nifty Futures share price: Sideways
Range-Bound Trend of Nifty Futures share price:
All up Moves Initiates Profit Booking (Sale) @ 12400 whereas All Down Moves Initiates Short Covering (Buy) @ 12280
If Nifty futures share price Moves Above 12352 and sustain. Then you should Buy with 1st Target of 12380 during the day with a Stop Loss of 12298 FOR the Target of 12380- 12403- 12427
If Nifty futures share price Moves Below 12298 and sustain. Then you should Sell with 1st Target of 12280 during the day with a Stop Loss of 12352. FOR the Target of 12280- 12252- 12225
Primary Trend of Bank Nifty Future share price: Sideways
Range-Bound Trend of Bank Nifty Future:
All up Moves Initiates Profit Booking (Sale) @ 32800, whereas All Down Moves Initiates Short Covering (Buy) @ 32380
If Bank Nifty future share price Moves Above 32620 and sustain. Then you should Buy with 1st Target of 32680 during the day with a Stop Loss of 32476 FOR the Target of 32680 – 32740- 32790
If Bank Nifty future share price Moves Below 32476 and sustained. Then you should Sell with 1st Target of 32425 during the day with a Stop Loss of 32420 FOR the Target of 32425 – 32378- 32276
Conclusions:
Today market reacted on positive PMI data and extends its early gain. Indian market is looking positive, it may move sideways for a day or two. From next week onwards we will see stock-specific action because of Q3 result.
You can also follow our Nifty and Bank Nifty future share price target for 3rd Jan and Weekly market views and trends here.
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