Nifty and bank nifty index 06/06/22

Charts and index daily #100

Nifty levels for daily newsletter was shared below

For purpose of performance tracking in Model portoflio - Long term investing , I have shared the below screen shot, Soon will share comepelte deaitls of each stock speacific performance in separate newsletter.

In 3 weeks from Invested date - virtual - Model portoflio - Long term investing has given return of 4.79% vs Nifty 50 return 5.08%.

Where in actual nifty return for 1 month from 4th May 2022 to 3rd Jun 2022 was -2.84%

Nifty 50 current price – 16584.30

Nifty future current price – 16604.65

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 03rd Jun 2022, it closed at 16604.65 30min 20EMA – 16648.00

If today 6th Jun, it opens or moves above 16690, it can move further until 16861.00

if Nifty closes above 16690 and Banknifty, Nifty IT index starts to perform then nifty can reach 17062.40 in short term.

Niftyfut Support: 16562 - 16486 - 16362 - 16163 - 15935 - 15722.

Niftyfut Resistance: 16698 - 16762 - 16861 - 16957 - 17062.40

Niftyfut Range: 15975 - 16700 for this week (06th Jun to 10th Jun 2022), if close above 16690 then nifty can move up higher in this week itself.

Bank nifty current price – 35275.05

BankNifty Fut current price – 35369.45

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 03rd Jun 2022, it closed below 200 EMA - 35940.98

If today 06th Jun - opens above or moves above resistance level - 36040, it can move further till 36397.00

BankNifty Fut Support: 35117 - 35346 - 34930 - 34513 - 34280

BankNifty Fut Resistance: 35870 - 35740 - 35960 - 36050 - 36286 - 36400.

BankNifty Fut Range: 34380 - 36400 for this week (06th Jun to 10th Jun 2022).

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