Nifty and bank nifty index 04/01/24

Charts and index daily # 486

Nifty 50 current price - 21517

Nifty future current price – 21600

Nifty Fut Outlook:

Nifty Fut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 03rd JAN 2023, JAN Fut - closed at 21600 - 30min 20EMA – 21679

If today, 04th JAN - Market may take support at 21500 and No resistance, do not trade at all-time high.

Nifty Fut Support: 21500 - 20500 - 19980 - 19890 - 19750 - 19550 - 19400 - 19000 - 18700 - 18500 - 18350

Nifty Fut Resistance: No resistance.

Nifty Fut Range: (20500 - no range) for this week (01st JAN 2024 to 5th JAN 2024)

Bank nifty current price – 47705

BankNifty Fut current price – 47932

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 03rd JAN 2023, JAN FUT closed above 200 EMA - 44319

If today, 04th JAN - No resistance zone

Bank Nifty Fut Support:46500 - 45307- 44250 - 44000 - 43590 - 43030 - 42500 - 42000

Bank Nifty Fut Resistance: No resistance.

Bank Nifty Fut Range: (46500 - No resistance) for this week (01st JAN 2024 to 5th JAN 2024)