Nifty and bank nifty index 06/06/23

Charts and index daily # 348

Nifty 50 current price - 18595

Nifty future current price – 18697

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 05th JUN 2023, JUN Fut - closed at 18697 - 30min 20EMA – 18687

If today, 06th JUN - it moves above 18730 - it can move further till 18800

Niftyfut Support: 18500 - 18350 - 18240 - 18160 - 18020 -17850 - 17770 - 17690 - 17609 - 17541.

Niftyfut Resistance: 18730 - 19000 - 19500.

Niftyfut Range: (18100 - 19000) for this week (05th Jun 2023 to 9th Jun 2023)

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Bank nifty current price – 44101

BankNifty Fut current price – 44286

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 05th JUN 2023, it closed Above 200 EMA - 40935

If today, 06th JUN - it moves above 44500 - it can move further until No resistance zone.

Bank Nifty Fut Support: 44250 - 44000 - 43590 - 43030 - 42500 - 42000 - 41530.

Bank Nifty Fut Resistance: 44500 - No resistance.

Bank Nifty Fut Range: (42000 - No resistance) for this week (05th Jun 2023 to 9th Jun 2023)