Nifty, Bank Nifty futures share price target for 27th Nov19
Nifty, Bank Nifty futures share price target for 27th Nov19
Nifty futures share price 27th Nov: Indian benchmark indices Nifty, Sensex and Bank Nifty hits record high today morning but could not hold its early gains till end. A positive global indiction, continuous FIIs inflow has lifted the Indian market at a new top.
The Nifty future share price opened at 12121.05 a gap up of 24.75 points in the morning. It touched an intraday high at 12137.60 and a day’s low at 12017.65. During that day Nifty futures share price has given a movement of 119.95 points. In the end, Nifty future share price closed almost flat to positive at 12098.60
The Bank Nifty futures share price opened at 31620.10 a gap up of 51.85 points. It has touched an intraday high at 31791.85 and day’s low at 31411. During the day Bank nifty futures share price has given a movements of 380.85 points. In the end, Bank Nifty future share price gained 130.15 points and closed at 31698.35
Nifty futures share price target for 27th Nov19
Primary Trend Nifty Future: Sideways
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12180 whereas All Down Moves Initiates Short Covering (Buy) @ 12025
If Nifty future share price Moves Above 12120 and sustain. Then you should Buy with 1st Target of 12145 during the day with a Stop Loss of 12080 FOR the Target of 12145-12175- 12199
If Nifty future share price Moves Below 12080 and sustain. Then you should Sell with 1st Target of 12058 during the day with a Stop Loss of 12120. FOR the Target of 12058- 12028- 11998
Banknifty futures share price target for 27th Nov19
Primary Trend of Banknifty Future: Mild down to sideways
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31880, whereas All Down Moves Initiates Short Covering (Buy) @ 31310
If Bank Nifty future share price Moves Above 31740 and sustain. Then you should Buy with 1st Target of 31750 during the day with a Stop Loss of 31600 FOR the Target of 31800 – 31890- 31945
If Bank Nifty future share price Moves Below 31600 and sustained. Then you should Sell with 1st Target of 31510 during the day with a Stop Loss of 31740 FOR the Target of 31510 – 31450- 31410
Conclusions:
As mentioned in our last report, both Nifty and Bank Nifty has touched a new high today. Indian stock market may move sideways for a day or two but for longer-term the trend is upside. Market is moving up because of FIIs inflow and positive global market sentiments. So traders must track global market happenings and SGX Nifty closely.
Traders can also follow our Nifty and Bank nifty futures share price target for 27th Nov tomorrow
You can also read, Weekly Stock Market: Sensex and Nifty for next week
Sensex hits record high and Nifty above 12050 today
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