Nifty and bank nifty index 04/05/22
Charts and index daily #77
Nifty 50 current price – 17069.10
Niftyfut current price – 17084.25
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 2nd May 2022, it has closed at 17069.10 30min 20EMA – 17085.47
If today 04th May, it opens or moves above 17100, then it can move further till 17240.
Niftyfut Support: 17004 - 16850 - 16700 - 16450 - 16250.
Niftyfut Resistance: 17200 - 17307 - 17430 - 17670.
Niftyfut Range: 16500 - 17700 for this week (02nd May to 6th May 2022).If TCS,RELIANCE,HDFCBANK,HDFC start falling more than 2% - 3% ,then Nifty can reach 16500 this week.
Bank nifty current price – 36163.75
BankNifty Fut current price – 36208.55
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 2nd May 2022, it has closed below 200 EMA - 36273.
If today 04th May - it opens above or moves above resistance level - 36377, then it can move further till 36850
BankNifty Fut Support: 35740 - 35346 - 34930 - 34717 - 34378.
BankNifty Fut Resistance: 36241 - 36691 - 37246 - 37041- 37746.
BankNifty Fut Range: 34700 - 36700 for this week (02nd May to 6th May 2022).
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