Nifty, Bank Nifty Future Share Price Target for 14th Oct
Nifty and Bank Nifty future Share Price Target for 14th Oct
The Indian stock market on Friday opened in a positive note as indicated by SGX Nifty. It was volatile throughout the day and later extended its morning gains. At close Nifty future gained 63.75 points and closed at 11318, Bank Nifty future gained only 28.40 points and closed at 28135.
Nifty future share price made a movement of 199.15 points throughout the day and touched an intraday high of 11385 and a low of 11185.85. Whereas Bank Nifty share price made an intraday movement of 918 points and touched an intraday high of 28723 and low of 27805.
The nifty future share price target for Monday 14th Oct
Primary Trend Nifty Future: Mild up & Sideways
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11410 whereas All Down Moves Initiates Short Covering (Buy) @ 11220
If Nifty Future Moves Above 11352 and sustain. Then you should Buy with 1st Target of 11380 during the day with a Stop Loss of 11292 FOR the Target of 11380- 11407- 11438
If Nifty Future Moves Below 11292 and sustained. Then you should Sell with 1st Target of 11255 during the day with a Stop Loss of 11352 FOR the Target of 11255- 11220- 11190.
Bank Nifty future share price target for Monday 14th Oct
Primary Trend of Bank Nifty Future: Sideways & Volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 28780, whereas All Down Moves Initiates Short Covering (Buy) @ 27500
If Bank Nifty Future Moves Above 28235 and sustained. Then you should Buy with 1st Target of 28368 during the day with a Stop Loss of 28025 FOR the Target of 28368 – 28590 – 28732
If Bank Nifty Future Moves Below 28025 and sustained. Then you should Sell with 1st Target of 27910 during the day with a Stop Loss of 28235 FOR the Target of 27910- 27672- 27495
Conclusions:
The Indian market will first react to weak IIP numbers on Monday. Infosys Q2 result beats street estimate can see some up move on Monday. On Friday the US and Chinese trade negotiators reached a preliminary agreement. Temporary it may ease trade tension because it is not a comprehensive deal. Friday’s Oil tanker attack on Iran has surges crude oil prices. Further increase in crude oil prices may correct the Indian equity market. Traders can follow our technical views of Nifty and Bank Nifty future share price target for Monday 14th October.
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