Nifty & Bank Nifty share price in future for 3rd Feb
Nifty & Bank Nifty share price in future for Monday 3rd Feb
Nifty & Bank Nifty share price 3rd Feb: It was a black Saturday for the Indian stocks market. Today 1st Feb Saturday, the Indian equity market opened on red and later it extended its early losses.
The Indian equity market was trading negatively but it started falling sharply just an hour before the completion of Budget speech by Finance Minister Nirmala Sitharaman. It fell across all sectors expect IT & Software and in the end it closed near the day’s low.
The Nifty share price in futures opened at 11948.90, it was down by 45.4 points from yesterday’s close. It has touched an intraday high at 12020.20 and a day’s low at 11625.05.
On an intraday basis, the Nifty share price in future has given a movement of 395.15 points. In the end, it declined 362.30 points and closed at 11632.
The Bank Nifty share price in futures opened at 30794.95, it was down by 142.95 points from the previous day’s close. During the day, it has touched high at 30990 and day’s low at 29770.
During the day the Bank Nifty share price in futures has given a movement of 1220 points. In the end, it was down 1154.75 points and closed at 29782.55
Nifty share price in future for 3rd Feb
Primary in Nifty Futures: Volatile
Range-Bound in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 11900 whereas All Down Moves Initiates Short Covering (Buy) @ 11500
If Nifty futures share price Moves Above 11728 and sustain. Then you should Buy with 1st Target of 11760 during the day with a Stop Loss of 11498 FOR the Target of 11760- 11827- 11892
If Nifty futures share price Moves Below 11498 and sustain. Then you should Sell with 1st Target of 11430 during the day with a Stop Loss of 12035. FOR the Target of 11428- 11370- 11290
Bank Nifty future share price for 3rd Feb 2020
Primary Bank Nifty Trend in Futures: Volatile
Range-Bound Bank Nifty Trend in Futures:
All up Moves Initiates Profit Booking (Sale) @ 30450, whereas All Down Moves Initiates Short Covering (Buy) @ 29370
If Nifty Bank future share price Moves Above 30080 and sustains. Then you should Buy with 1st Target of 30180 during the day with a Stop Loss of 29540. FOR the Target of 30180 – 30370- 30580
If Nifty Bank future share price Moves Below 29540 and sustains. Then you should Sell with 1st Target of 29372 during the day with a Stop Loss of 30955. FOR the Target of 29372- 29180- 28960.
Conclusions:
Today Indian equity market reacted negatively after the Union Budget. Both the Nifty and Bank Nifty sharply fell in the last session of the budget till the end. The market will remain volatile on Monday but we may see some up move on Monday after a big fall today.
Traders are also advised to trade with strict stop loss on Monday and avoid taking carry forward positions. You can follow our Nifty and Bank Nifty share price in future mentioned above for 3rd Feb 2020 trading
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