Nifty and Bank Nifty future share price for 21st Jan

 

Nifty & Bank Nifty future share price for 21st Jan: The Indian share market opened in positive note in the morning. After a few minutes of trading, the market turned negative. Selling pressure was seen in both the front line stocks as well as mid and smallcap. Bank Nifty was highly volatile today and fell the most.

The market sentiments remained dull with former finance secretary Subash Chandra Garg’s statement that the government’s tax collection is likely to fall short. It is estimated to fall short by Rs 2.5 lakh crores or 1.2% of GDP in 2029-20, and has called for scrapping of dividend distribution tax.

The Nifty future share price today opened at 12413.40, in the opening session it was up by 28.75 points. It has touched an intraday high at 12419.20 and a day’s low at 12252.

During the day the Bank Nifty future share price has given a movement of 167.2 points. In the end, it fell 118.65 and closed at 12226.

The Bank Nifty future share price opened at 31997.65, it was up by 273.9 in the opening session. It has touched an intraday high at the same opening price 31997.65 and a day’s low at 31126.10.

On an intraday basis, the Bank Nifty future share price has given a movement of 871.55 points. In the end, it declined 537.75 points and closed for the day at 31186.

 

Nifty future share price for 21st Jan 2020

Primary in Nifty Futures: Mild down to sideways

Range-Bound in Nifty Futures: 

All up Moves Initiates Profit Booking (Sale) @ 12360 whereas All Down Moves Initiates Short Covering (Buy) @ 12180

If Nifty futures share price Moves Above 12298 and sustain. Then you should Buy with 1st Target of 12318 during the day with a Stop Loss of 12245 FOR the Target of 12318- 12338- 12362

If Nifty futures share price Moves Below 12245 and sustain. Then you should Sell with 1st Target of 12209 during the day with a Stop Loss of 12298. FOR the Target of 12209- 12185- 12155.

 

Bank Nifty future share price for 21st Jan 2020

Primary Bank Nifty Trend in Futures:  Mild Down

Range-Bound Bank Nifty Trend in Futures: 

All up Moves Initiates Profit Booking (Sale) @ 31450, whereas All Down Moves Initiates Short  Covering (Buy) @ 30750

If Nifty Bank future share price Moves Above 31225  and sustains. Then you should Buy with 1st Target of 31380 during the day with a Stop Loss of  31120. FOR the Target of 31380 – 31450- 31570

If Nifty Bank future share price Moves Below 31120 and sustains. Then you should Sell with 1st Target of 30980 during the day with a Stop Loss of 31225. FOR the Target of 30980- 30878- 30720.

 

Conclusions: 

Sensex and Nifty hit the record high in the morning but could not hold the gains, it erased all morning gains and closed in red. The Bank Nifty fell the most and was volatile the entire trading session. 

A sharp profit booking was witnessed at the higher levels in heavyweight stocks today. The correction in Nifty future up to 12000-12120 can be a healthy one. 

Traders are also advised to follow the global market and can follow our Nifty and Bank Nifty future share price for 21st Jan.

 

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

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