Nifty and bank nifty index 06/09/23

Charts and index daily # 411

Nifty 50 current price - 19575

Nifty future current price – 19653

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 05th SEP 2023, SEP Fut - closed at 19653 - 30min 20EMA – 19616

If today, 06th SEP - Market may face resistance around 19690, do not trade anything in All-time high.

Niftyfut Support: 19550 - 19400 - 19000 - 18700 - 18500 - 18350 - 18240 - 18160 - 18020 -17850.

Niftyfut Resistance: 19690 - 19750 - 19980.

Niftyfut Range: (19000 - 20000) for this week (04th SEP 2023 to 08th SEP 2023)

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Bank nifty current price – 44532

BankNifty Fut current price – 44766

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 05th SEP 2023, it closed Above 200 EMA - 42822

If today, 06th SEP - if price trade above 44500 - it can move further till 46000.

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

Bank Nifty Fut Resistance: 44750 - 45307 - No resistance.

Bank Nifty Fut Range: (43000 - No resistance) for this week (04th SEP 2023 to 08th SEP 2023)