Nifty and Bank Nifty support and resistance for tomorrow

Nifty and  Bank Nifty support and resistance levels for 19th Nov: Indian stock market was trading range-bound today. Today Nifty future opened almost flat around 7 points and down and Bank Nifty future opened 100 points up. In the end, Nifty future fell 17.6 points down whereas Bank Nifty future declined 15.60 points.

Today Nifty future touched and intraday high of 11958 and day’s low at 11890.15. The Nifty future has given an intraday movement of 67.85 points. The Bank Nifty future touched an intraday high of  31182 and day’s low at 30900.10. It has given an intraday movement of 281.90 points only.

Nifty future and Bank Nifty future was trading at a very tight range.

Nifty, Bank Nifty future support and resistance levels for 19th Nov

Primary Trend Nifty50 Future: Sideways

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11950 whereas All Down Moves Initiates Short Covering (Buy) @ 11850

If Nifty50 future share price Moves Above 11938 and sustain. Then you should Buy with 1st Target of 11958 during the day with a Stop Loss of 11905. FOR the Target of 11958 -11972- 11994

If Nifty50 future share price Moves Below 11908  and sustain. Then you should Sell with 1st Target of 11890 during the day with a Stop Loss of 11938. FOR the Target of 11890- 11870- 11852

The Bank Nifty support and resistance levels for 19th Nov 2019

Primary Trend of Bank Nifty Future: Mild up & sideways

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31200, whereas All Down Moves Initiates Short  Covering (Buy) @ 30800

If Bank Nifty future share price Moves Above 31060  and sustain. Then you should Buy with 1st Target of 31110 during the day with a Stop Loss of  30974 FOR the Target of 31110 – 31175- 31230

If Bank Nifty future share price Moves Below 30974 and sustained. Then you should Sell with 1st Target of 30897 during the day with a Stop Loss of 31060 FOR the Target of 30897 – 30830- 30765

Conclusions: 

Today, the market was trading range-bound, Nifty and Bank Nifty was trading in a tight range. At close Nifty future ends above 11920 levels and Bank Nifty future above 31,000. Indian market is looking for a trigger for a further up move, we can expect tomorrow a positive range-bound trading day. Traders should follow the global cues in the morning.

Traders can follow our Nifty and Bank Nifty future support and resistance levels for 19th Nov 2019.

You can also read, 10 best stocks/shares to buy now for 2020

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