Nifty and bank nifty index 04/08/22

Charts and index daily #143

Nifty 50 current price – 17388.15

Nifty future current price – 17407.15

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 03rd AUG 2022, it closed at 17407.15 30min 20EMA – 17334.00

If today 04th AUG, it opens or moves above 17430 it can move further until 17541.

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 – 37989.25

BankNifty Fut current price – 38031.80

BankNifty Fut Outlook:                                   

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 03rd AUG 2022, it closed above 200 EMA - 35630.

If today 04th 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.