NSE Index: Nifty and Bank Nifty futures prediction for tomorrow

 

NSE Index- Nifty and Bank Nifty futures: Indian stock market opened in a positive today as indicated by the SGX Nifty in the morning. The market later erased most of the early gains and later recovered and closed in positive. Overall it was a range-bound market today. You can read the complete market updates for 19th August here

 

NSE Index: Nifty and Bank Nifty futures today

 

The Nifty index in futures opened at 11436.65, and it made a positive opening of 38.1 points today. It has touched an intraday high at 11466.40 and a day’s low at 11404.40

The Nifty index in futures has given a movement of 62 points. In the end, it gained by 29.45 points or 0.26% and closed at 11428 levels.

The Bank Nifty index in futures opened at 22293. It was made a positive opening of 11 points today. It has touched an intraday high at 22466.15 and a day’s low at 22212.70

During the day, the Bank Nifty index in futures has given a movement of 253.45 points. In the end, it gained by 114.8 points or 0.52% and closed at 22313 levels

 

Nifty, Bank Nifty futures prediction for 20th Aug (Aug Expiry)

 

 

Nifty futures prediction for 20th Aug 2020

Primary Nifty Trend in futures: Positive

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit booking (Sale) @ 11520 whereas All Down Moves Initiates Short Covering (Buy) @ 11390

Suppose Nifty futures Moves Above 11455 and sustain. Then you should Buy with 1st Target of 11478 during the day with a Stop Loss of 11394. FOR the Target of 11478- 11494- 11523

Suppose Nifty futures Moves Below 11394 and sustain. Then you should Sell with 1st Target of 11372 during the day with a Stop Loss of 11455. FOR the Target of 11372- 11348- 11326

 

 

NSE Bank Nifty futures prediction, 20th Aug  2020

Primary Trend of Bank Nifty Futures: Positive

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 22720, whereas All Down Moves Initiates Short  Covering (Buy) @ 22130

If the Bank Nifty futures Moves Above 22455 and sustain. Then you should Buy with 1st Target of 22516 during the day with a Stop Loss of  22120. FOR the Target of 22516 – 22630- 22718

Suppose the Bank Nifty futures Moves Below 22120 and sustained. Then you should Sell with 1st Target of 22060 during the day with a Stop Loss of 22455. FOR the Target of 22060 – 21950- 21840

 

Conclusions:

Indian market gained with the support of Banking & Financial, Infrastructure, and Capital goods sectors today. The global cues were positive in the morning but after a gap up opening Indian markets traded range-bound. The nifty index is looking positive in the near term, with the support of the global market Nifty index will touch 11500-11600 levels in coming days.

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