Nifty and bank nifty index 03/02/22

Charts and index daily #18

Nifty 50 current price – 17780.00

Niftyfut current price – 17795.90

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 2nd Feb 2022, it has closed at 17795.90 30min 20EMA – 17703

If today 3rd Feb, it opens above - 17703  and moves above the resistance level 17897, it can move further till 18067 - 18350.

Nifty fut crossed 17720 in the future today and closed above 17720. If reliance moves above 2460 - 2500. Nifty can go above 18000.

If HDFC,HDFCBANK support Nifty and move above HDFCBANK - 1550, HDFC - 2700.then Nifty can move to 18350.

Niftyfut Support: 17669 - 17740 - 17540 - 17430 -17306.

Niftyfut Resistance: 17870 - 18067 - 18244 - 18350.

Niftyfut Range: 16650 - 18067 for this week (31st to 4th Feb 2022), If it moves above the resistance of 18067 then it can move further till 18244-18350.

BankNifty current price – 39330.50

BankNifty Fut current price – 39437.00

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 2nd Feb 2022, it has closed above the resistance - 39434.10

If today 3rd Feb 22 - it opens above or moves above resistance level - 39434.10, then it can move further till 40200.

If ICICIBANK moves above 811.00, then it can move towards 825 and HDFCBANK moves further towards 1560, then Banknifty can move further higher to 40335.

BankNifty Fut Support: 39053 - 38965.65 - 38617.35 - 38189.

BankNifty Fut Resistance: 39434 - 40200 - 40335.

BankNifty Fut Range: 36450 - 40200 for this week (31st to 4th Feb 2022).

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