Nifty and bank nifty index 02/06/2023
Charts and index daily # 346
Post Market Analysis
Nifty 50 current price - 18543
Nifty future current price – 18633
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 30th MAY 2023, JUN Fut - closed at 18713 - 30min 20EMA – 18683
Today, 02 Jun - it taken support at 18570 and traded with 100 points range till end of the day.
FNO trader would have timed well and earned profit on 100 points up and down.
In paper it’s possible and live trading it’s not possible.
Niftyfut Support: 18500 - 18350 - 18240 - 18160 - 18020 -17850 - 17770 - 17690 - 17609 - 17541.
Niftyfut Resistance: 18720 - 19000 - 19500.
Niftyfut Range: (17920 - 18800) for this week (29th May to 02nd Jun 2023)
……………………………………………………………..
Bank nifty current price – 43938
BankNifty Fut current price – 44080
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 01st Jun 2023, it closed Above 200 EMA - 41150
Today 02nd Jun - 44000 it took support and traded with in 250 points range.
Bank Nifty Fut Support: 44000 - 43590 - 43030 - 42500 - 42000 - 41530.
Bank Nifty Fut Resistance: 44250 - 44500 - No resistance.
Bank Nifty Fut Range: (42000 - No resistance) for this week (29 May to 02nd jun 2023)