Nifty and Bank Nifty share price future for 17th Sept

The Nifty and Bank Nifty share price was trading in the negative zone after a gap down opening today. Indian stock market was looking very positive after the second-half rally on Friday. Finance Minister Nirmala Sitharaman also announced a stimulus for exports and housing sectors on Saturday to revive the economy.   

The geopolitical tensions after Yemen’s Houthi rebels launched Drone strikes on Saudi oilfields last Saturday which spikes crude oil price 20% biggest ever since 1980. As Indian is one of the biggest crude importers so it impacts the Indian rupee also. 

Nifty and Bank Nifty future share price today

The nifty future share price closed at 11105 last Friday has made a day high of 11078.90  and a low of 10982.40. During the day it has given a movement of 96.5 points . Bank Nifty future share price closed at 28163.85 on Friday gave a movement of 293.45 points today. Today, the second half market was almost range bound.

You can also get today’s Market Update here

Primary Trend Nifty Future:  Trend Up (sideways)

Range-Bound Trend of Nifty Future:

All up Moves Initiates Profit Booking (Sale) @ 11100 whereas All Down Moves Initiates Short Covering (Buy) @ 10950

If Nifty Future share price Moves Above 11025 then you should Buy with 1st Target of 11048 during the day or any point during the week by Trailing the Stop Loss from 10990- 11030- 11076- 11108  FOR the Target of 11048- 11074- 11097- 11120

If Nifty Future share price Moves Below 10990 then you should Sell with 1st Target of 10950 during the day or any point during the week by Trailing the Stop Loss from 11025- 10976- 10940 -10890 FOR the Target of 10950- 10920- 10880 -10840

Primary Trend of Bank Nifty Future share price: Trend Up (Sideways)

Range-Bound Trend of Bank Nifty Future:

All up Moves Initiates Profit Booking (Sale) @ 28100, whereas All Down Moves Initiates Short  Covering (Buy) @ 27800

If Bank Nifty Future share price Moves Above 27925 then you should Buy with 1st Target of 27974 during the day or any point during the week by Trailing the Stop Loss from 27840-27950- 28020  FOR the Target of 27974 – 28045 – 28125 

If Bank Nifty Future share price Moves Below 27840 then you should Sell with 1st Target of 27775 during the day or any point during the week by Trailing the Stop Loss from 27925- 27740- 27650 FOR the Target of 27775- 27694- 27638

Conclusions: 

Traders should follow the SGX Nifty movement in the morning, rupee movement and crude oil price tomorrow. The Indian market will move as per rupee movement and global cues tomorrow. Traders can get views of Nifty and Bank Nifty share price from the above-given analysis.

You can also read,  Nifty50 Stocks list | Index | Share price                                                         

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