Nifty and bank nifty index 03/08/22
Charts and index daily #142
Nifty 50 current price – 17345.45
Nifty future current price – 17346.30
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 02nd AUG 2022, it closed at 17346.30 30min 20EMA – 17311.20
If today 03rd AUG, it opens or moves above 17430 it can move further until 17541.
If went long on Friday(29th AUG 2022) , trail stop loss using 30min 20 EMA and close position when Nifty 50 FUT touches 30min 20 EMA.
hope today stop loss would have triggered, please do not go long in Nifty FUT until close above 17430.
Niftyfut Support: 17334 - 17062 - 16900 - 16762 - 16567 - 16448 -16266.
Niftyfut Resistance: 17428 -17540 - 17693 - 17853 - 18000 - 18100.
Niftyfut Range: 16670 - 17541 for this week (01st AUG to 05th AUG 2022).
Bank nifty current price – 38024.00
BankNifty Fut current price – 38023.90
BankNifty Fut Outlook:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 02nd AUG 2022, it closed above 200 EMA - 35605.00
If today 03rd AUG -Banknifty - opens above or moves above a resistance level of 37780, bank nifty Fut can move till 38423.
BankNifty Fut Support: 37761- 37386 - 36954 - 36400 - 36691 - 35967.
BankNifty Fut Resistance: 38189 - 38423 - 38754 - 39080 - 39309.
BankNifty Fut Range: 35800 - 38518 for this week (01st AUG to 05th AUG 2022).
Due to the upcoming RBI meeting this week, BANK nifty will be very volatile and do not go long or short in bank nifty until meetings are over.
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