Trading view for Nifty Futures and Bank Nifty Futures for 21st Aug

 

Nifty futures & Bank Nifty futures for 21st Aug: Indian markets opened in the negative notes while following the global peers today morning. The markets were trading volatile after the gap down opening and traded in negative territory throughout the day. Banking & Finance, Oil & Gas, and Infrastructure sectors dragged down the markets today. In the end, the benchmark indices closed in the negative note.

You can read the complete market updates for 20th August here

 

Nifty and Bank Nifty futures today

 

The Nifty index in futures opened at 11298, and it made a gap down opening of 122.8 points today. It has touched an intraday high at 11360 and a day’s low at 11260

The Nifty index in futures has given a movement of 100 points. In the end, it declined by 127.3 points or 1.11% and closed at 11293.50 levels.

The Bank Nifty index in futures opened at 22022. It was made a negative opening of 285.30 points today. It has touched an intraday high at 22090 and a day’s low at 21765.30

During the day, the Bank Nifty index in futures has given a movement of 324.7 points. In the end, it was down by 392.3 points or 1.76% and closed at 21915 levels

 

Nifty, Bank Nifty futures trading view for 21st Aug (Aug Expiry)

 

 

NSE Nifty futures trading view for 21st Aug 2020

Primary Nifty Trend in futures: Mild Positive

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit booking (Sale) @ 11370 whereas All Down Moves Initiates Short Covering (Buy) @ 11250

Suppose Nifty futures Moves Above 11328 and sustain. Then you should Buy with 1st Target of 11348 during the day with a Stop Loss of 11270. FOR the Target of 11348- 11374- 11408

Suppose Nifty futures Moves Below 11270 and sustain. Then you should Sell with 1st Target of 11249 during the day with a Stop Loss of 11328. FOR the Target of 11249- 11226- 11200

 

 

NSE Bank Nifty futures trading view, 21st Aug  2020

Primary Trend of Bank Nifty Futures: Mild Negative

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 22150, whereas All Down Moves Initiates Short  Covering (Buy) @ 21450

If the Bank Nifty futures Moves Above 22040 and sustain. Then you should Buy with 1st Target of 22080 during the day with a Stop Loss of  21820. FOR the Target of 22080 – 22154- 22248

Suppose the Bank Nifty futures Moves Below 21820 and sustained. Then you should Sell with 1st Target of 21756 during the day with a Stop Loss of 22040. FOR the Target of 21756 – 21670- 21438.

 

Conclusions:

The weak global cues dragged down the market today but midcap and smallcap outperformed the benchmark indices. The market in the near term may trade in volatility in a tight range. Traders need to follow the global cues closely to trade in the current market situation.

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Editor’s Desk

 

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