Nifty and Bank Nifty Future for tomorrow 11th Oct 2019
Nifty and Bank Nifty Future for tomorrow 11th Oct 2019
Indian market opened in negative today and extended its morning losses. The Nifty future opened at 11276.90 and closed at 11258.40 whereas Bank Nifty future opened at 28690 and closed at 28170.15
Nifty future has given a movement of 98.95 and touched intraday high of 11313.95 and low of 11215. The Bank Nifty future touched high 28690 and low at 27980, intraday basis it has given a movement of 710. IndusInd bank has erased its yesterdays gain and declined 6.12 % in cash segment and closed at 1228.50 pers share.
Nifty future for tomorrow 11th Oct
Primary Trend Nifty Future: Mild down to sideways
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11330 whereas All Down Moves Initiates Short Covering (Buy) @ 11190
If Nifty Future Moves Above 11266 and sustain. Then you should Buy with 1st Target of 11288 during the day with a Stop Loss of 11235 FOR the Target of 11288- 11307- 11338
If Nifty Future Moves Below 11235 and sustained. Then you should Sell with 1st Target of 11212 during the day with a Stop Loss of 11266 FOR the Target of 11212- 11190- 11165.
Bank Nifty future for tomorrow 11th Oct
Primary Trend of Bank Nifty Future: Mild down
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 28550, whereas All Down Moves Initiates Short Covering (Buy) @ 27780
If Bank Nifty Future Moves Above 28280 and sustained. Then you should Buy with 1st Target of 28425 during the day with a Stop Loss of 28090 FOR the Target of 28425 – 28574 – 28780
If Bank Nifty Future Moves Below 28090 and sustained. Then you should Sell with 1st Target of 27870 during the day with a Stop Loss of 28280 FOR the Target of 27870- 27776- 27580
Conclusions:
The market will open as per global cues in the morning and will react to the TCS Q2 results. Tomorrow Infosys will announce its 2nd quarterly result so Nifty may remain under pressure. Traders can refer our Nifty and Bank Nifty future share price target for tomorrow.
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