Nifty & Bank Nifty future target for tomorrow 19th Dec
Nifty & Bank Nifty future target for tomorrow 19th Dec
Nifty & Bank Nifty Target for Tomorrow: Indian stock market opened in the green today morning. The market was trading in a tight range in the first half and later some buying was seen in the second half. All the Indices touched a fresh record high and closed in the positive zone.
Nifty future opened at 12208, it was 20.85 points up at the time of opening. The Nifty future has touched an intraday high at 12253.10 and day’s low at 12171.65. During the day the Nifty future has given a movement of 81.45 points. In the end, the Nifty future gained 60.25 points and closed at 12247.40
The Bank Nifty future has opened at 32310.05, a gap up of 103.70 points in the morning. The Bank Nifty future has touched an intraday high at 32343.95 and day’s low at 32055. During the day it has moved 288.95 points today. In the end, the Bank Nifty future gained 103.55 points and closed at 32309.90
Both the indices Nifty future and Bank Nifty future closed near the fresh record high.
Nifty futures target for tomorrow 19th Dec19
Primary Trend Nifty Futures: Up & Sideways
Range-Bound Trend of Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 12310 whereas All Down Moves Initiates Short Covering (Buy) @ 12210
If Nifty futures share price Moves Above 12258 and sustain. Then you should Buy with 1st Target of 12278 during the day with a Stop Loss of 12224 FOR the Target of 12278-12294- 12310
If Nifty futures share price Moves Below 12224 and sustain. Then you should Sell with 1st Target of 12208 during the day with a Stop Loss of 12258. FOR the Target of 12208- 12180- 12158
Bank Nifty future target for tomorrow for 19th Dec19
Primary Trend of Banknifty Future: Up & Sideways
Range-Bound Trend of Bank Nifty Future:
All up Moves Initiates Profit Booking (Sale) @ 32500, whereas All Down Moves Initiates Short Covering (Buy) @ 32050
If Bank Nifty future share price Moves Above 32358 and sustain. Then you should Buy with 1st Target of 32420 during the day with a Stop Loss of 32240 FOR the Target of 32420 – 32476- 32515
If Bank Nifty future share price Moves Below 32240 and sustained. Then you should Sell with 1st Target of 32178 during the day with a Stop Loss of 32358 FOR the Target of 32178 – 32138- 32050
Conclusions:
The benchmark indices have touched a fresh record high and closed near the high today. Technically Indian market is looking positive. Traders should follow the global cues closely.
Traders can also follow our Nifty Futures and Bank Nifty futures target for tomorrow’s 19th Dec19 and Weekly market views and trends here.
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