Nifty and bank nifty index 07/11/22

Charts and index daily #205

Nifty 50 current price – 18117.15

Nifty future current price – 18194.00

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 04th NOV 2022, it closed at 18194.00 30min 20EMA – 18137.50

If today 7th NOV, it opens or moves above 18380 - it can move further until 18480.

Niftyfut Support: 18170 - 18091 - 17980 - 17740 - 17670 - 17540.

Niftyfut Resistance: 18245 - 18376 - 18500 - 18594 - No Resistance.

Niftyfut Range: 17350 - 18350 for this week (31st OCT to 04th Nov 2022)

Bank nifty current price – 41258.45

BankNifty Fut current price – 41419.00

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 04th Nov 2022, it closed above 200 EMA - 37590.00

If today 7th nov, it opens above or moves above a resistance level of 41550, it can move further until 41850.

BankNifty Fut Support: 41364 - 41219- 40750 - 40430 - 40217 - 39850.

BankNifty Fut Resistance: 41500 - 41680 - 41820 - 42000 - No Resistance.

BankNifty Fut Range: 39200 - 41850 for this week (31st OCT to 04th Nov 2022).

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