Nifty,Bank nifty share price target for 8th Nov19
Nifty and Bank nifty share price target for 8th Nov19: The benchmark indices opened in positive today and later it extended its morning gains. The market was volatile during the day. At close, Nifty future share price gained 47.45 points and closed at 12055.50.
In the morning the Nifty future opened at 12029.05 and made an intraday high of 12058 and low at 11972.30, during the day it has given a movement of 85.70 points.
The Bank Nifty future share price opened at 30801 in the morning and made an intraday high of 30848.95 and day low of 30463. On an intraday basis the Bank Nifty future share price has given a movement of 385.95 points. In the end, Bank Nifty gained only 16.15 points and closed at 30698.75
Nifty and Bank Nifty future share price target for tomorrow 8th Nov 2019
The nifty future analysis for 8th Nov 2019
Primary Trend Nifty Futures: Up
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 12100 whereas All Down Moves Initiates Short Covering (Buy) @ 11980
If Nifty share price in future Moves Above 12060 and sustain. Then you should Buy with 1st Target of 12082 during the day with a Stop Loss of 12027 FOR the Target of 12082- 12102- 12125
If Nifty shares price in future Moves Below 12027 and sustain. Then you should Sell with 1st Target of 12006 during the day with a Stop Loss of 12060 FOR the Target of 12006- 11975- 11950
Bank Nifty share price target for 8th Nov 2019
Primary Trend of Bank Nifty Futures: Up
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 31000, whereas All Down Moves Initiates Short Covering (Buy) @ 30500
If Bank Nifty Share price in future Moves Above 30778 and sustain. Then you should Buy with 1st Target of 30876 during the day with a Stop Loss of 30580 FOR the Target of 30876 – 30974 – 31055
If Bank Nifty share price in future Moves Below 30580 and sustained. Then you should Sell with 1st Target of 30480 during the day with a Stop Loss of 30778 FOR the Target of 30480- 30390- 30280
Conclusions:
Nifty and Bank Nifty future trend is positive, it may touch new high as soon. The global market is supporting and there is a positive development in the US-China trade relations. Traders can hold their long position if any. One can follow our Nifty and Banknifty futures share price target for 8th Nov19 with strict stop loss.
You can also read, Indian stock market prediction for November 2019 Series
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