Nifty and bank nifty index 07/03/22
Charts and index daily #39
Nifty 50 current price – 16245.35
Niftyfut current price – 16258.95
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 04th Mar 2022, it has closed at 16258.95 30min 20EMA – 16371.97
If today 7th March, it opens above -Â 16371.97Â Â and moves above the resistance level 16486, it can move further till 16562 - 16850.
Until volatility normalise in the market and Nifty (spot) close for the day above 16850, it was not advisable to go long in nifty Fut.
Niftyfut Support: 16250 - 16163 - 15932 -15514 - 15378
Niftyfut Resistance: 16362 - 16486 - 16650 - 16850 - 17004.
Niftyfut Range: 15500 - 17000 for this week (7th Mar to 11th Mar 2022).
BankNifty current price – 34407.80
BankNifty Fut current price – 34455.45
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 04th Mar 2022, it has closed above support - 34378.70
If today 07th March - it opens above or moves above resistance level - 35346.70, then it can move further till 37182.00
BankNifty Fut Support: 34400 - 33917 - 32879 - 31817.45
BankNifty Fut Resistance: 35117 - 35346 - 35740 - 36250 - 36540 - 37041.
BankNifty Fut Range: 32879 - 36286 for this week (7th Mar to 11th Mar 2022).
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