Nifty and Bank Nifty prediction for tomorrow for 3rd March
Nifty and Bank Nifty prediction for tomorrow for 3rd March
Nifty and Bank Nifty prediction for tomorrow for 3rd March: Indian stock market opened in a positive note today morning later in the last hour market erased all its early gains. Indian market fell in the last hour after the news of two positive coronavirus cases reported in India, one in Delhi and another in Telangana.
Today the Nifty futures share price opened at 11283, it was opened gap up of 133.85 points from the previous close. It has touched an intraday high at 11418 and a day’s low at 11023.95.
During the day the Nifty futures share price has given a movement of 394.05 points. In the end, it has declined 3.85 points and closed at 11145.30.
The Bank Nifty futures share price opened at 29355.55, it was opened gap up by 301.65 points. It has touched an intraday high at 29648 and a day’s low at 28600.05.
On an intraday basis, the Bank Nifty futures share price has given a movement of 1047.95 points. In the end, it has declined by 126.25 points and closed at 28927.65.
Nifty prediction for tomorrow for 3rd March
Primary Trend in Nifty Futures: down
Range-Bound Trend in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 11200 whereas All Down Moves Initiates Short Covering (Buy) @ 10900
If Nifty share price in NSE futures Moves Above 11104 and sustain. Then you should Buy with 1st Target of 11152 during the day with a Stop Loss of 11020 FOR the Target of 11152- 11194- 11230
If Nifty share price in NSE futures Moves Below 11020 and sustain. Then you should Sell with 1st Target of 10995 during the day with a Stop Loss of 11104 FOR the Target of 10995- 10918- 10860
Bank Nifty prediction for tomorrow for 3rd March
Primary Trend of Nifty Bank Futures: down
Range-Bound Trend in Bank Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 29300, whereas All Down Moves Initiates Short Covering (Buy) @ 28250.
If Bank Nifty share price in NSE futures Move Above 29050 and sustain. Then you should Buy with the 1st Target of 29280 during the day with a Stop Loss of 28760. FOR the Target of 29280 – 29520- 29810
If Bank Nifty share price in NSE futures Move Below 28760 and sustain. Then you should Sell with 1st Target of 28470 during the day with a Stop Loss of 29050. FOR the Target of 28470- 28240- 28020.
Conclusions:
Indian stock market declined for the seventh consecutive trading session in a row. The manufacturing PMI number for the month of February has marginally declined compared to the previous month. The news of fresh two coronavirus cases in India and lower PMI data have dragged down the market in the last hour.
Traders should trade cautiously with strict stop loss and track the global markets for trading. Traders can also follow our Nifty and Bank Nifty prediction for tomorrow for 3rd March for day trading.
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