Nifty & Bank Nifty futures share price target for 25th Feb
Nifty & Bank Nifty futures share price target for 25th Feb
Nifty & Bank Nifty futures share price for 25th Feb: Indian stock market opened in a gap down today after the global market showed a negative opening indication. The Asian markets were trading negatively as the number of coronavirus cases outside of China rose sharply in South Korea, Italy, and Iran.
Today the Nifty futures share price opened at 11950.65 points, it was down by 128.35 points from the previous close. It has touched an intraday high at 11969.75 and a day’s low at 11814.05.
During the day the Nifty futures share price has given a movement of 155.7 points. In the end, it was down by 246.20 points and closed at 11832.80
The Bank Nifty futures share price opened at 30615, it was down by 323.7 points from the previous day’s close. It has touched an intraday high at 30688.80 and a day’s low at 30393.35
On an intraday basis, the Bank Nifty futures share price has given a movement of 295.45 points. In the end, it fell 490.90 points and closed at 30447.80
Nifty futures share price for 25th Feb
Primary Trend in Nifty Futures: Mild down and volatile
Range-Bound Trend in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 11930 whereas All Down Moves Initiates Short Covering (Buy) @ 11740
If Nifty futures share price Moves Above 11882 and sustain. Then you should Buy with 1st Target of 11903 during the day with a Stop Loss of 11774 FOR the Target of 11903- 11930- 11970
If Nifty futures share price Moves Below 11774 and sustain. Then you should Sell with 1st Target of 11738 during the day with a Stop Loss of 11882 FOR the Target of 11738- 11714- 11680.
Bank Nifty futures share price for 25th Feb
Primary Trend of Nifty Bank Futures: Mild down and volatile
Range-Bound Trend in Bank Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 30650, whereas All Down Moves Initiates Short Covering (Buy) @ 30250.
If Bank Nifty share price in futures Move Above 30530 and sustain. Then you should Buy with the 1st Target of 30575 during the day with a Stop Loss of 30420. FOR the Target of 30575 – 30625- 30725
If Bank Nifty share price in futures Move Below 30420 and sustain. Then you should Sell with 1st Target of 30332 during the day with a Stop Loss of 30530. FOR the Target of 30332- 30270- 30210.
Conclusions:
The Indian stock market closed in a negative zone. The Nifty and Sensex tanks around 2% today on the fear of deepening the adverse economic impact of coronavirus. The volatility in the market will increase due to the monthly expiry in the coming days. We may also see a bounce back in the market if there is any positive outcome from the US President Donald Trump’s visit to India.
Traders can also follow our Nifty & Bank Nifty futures share price target mentioned above for the 25th Feb 2020 Monday.
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