Nifty and Bank Nifty Future Investing ideas for 24th Dec
Nifty& Bank Nifty Future Investing Views for 24th Dec
Nifty & Bank Nifty future Investing views: Indian stock market ended in flat to negative after a range-bound session. The Nifty future share price opened at 12265.35, it was down by 25.65 points. It has touched an intraday high at 12291.65 and day’s low at 12226.10. During the day the Nifty future has given a movement of only 65.55 points.
Today the market was trading sideways, in the end, Nifty future was down 13.15 points and closed at 12276.85.
The Bank Nifty future share price opened at 32349.95 today, it was down by 28.45 points. It has touched an intraday high at 32425 and a day’s low at 32220. During the day it has given an intraday movement of 205 points.
In the end, the Bank Nifty future share price was down by 41.75 points and closed at 32,336.65
Nifty & Bank Nifty future investing ideas for Monday 24th Dec
Primary Trend Nifty Futures Investing: Sideways
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12340 whereas All Down Moves Initiates Short Covering (Buy) @ 12240
If Nifty futures share price Moves Above 12298 and sustain. Then you should Buy with 1st Target of 12325 during the day with a Stop Loss of 12255 FOR the Target of 12325- 12346- 12365
If Nifty futures share price Moves Below 12255 and sustain. Then you should Sell with 1st Target of 12238 during the day with a Stop Loss of 12298. FOR the Target of 12238- 12218- 12198
Primary Trend of Bank Nifty Future Investing: Sideways
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 32500, whereas All Down Moves Initiates Short Covering (Buy) @ 32280
If Bank Nifty future share price Moves Above 32382 and sustain. Then you should Buy with 1st Target of 32432 during the day with a Stop Loss of 32310 FOR the Target of 32432 – 32480- 32530
If Bank Nifty future share price Moves Below 32310 and sustained. Then you should Sell with 1st Target of 32278 during the day with a Stop Loss of 32382 FOR the Target of 32278 – 32220- 32177
Conclusions:
Indian stock market was trading in a tight range today. In the end, it closes flat to negative today. Today the Indian market has not got any positive support from the global market. Tomorrow the market will trade sideways volatile because of a day ahead of monthly expiry. The Wednesday market is closed due to Christmas.
Traders should follow the global market in the morning tomorrow to get an indication of the market open. You can also follow our Nifty and Bank Nifty Future investing ideas above for Monday or 24th Dec19 and Weekly market views and trends here.
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