Nifty and bank nifty index 08/03/22
Charts and index daily #40
Nifty 50 current price – 15863.15
Niftyfut current price – 15893.00
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 07th Mar 2022, it has closed at 15893.00 30min 20EMA – 15990.00
If today 8th March, it opens above -Â 15990.00Â Â and moves above the resistance level 16163, it can move further till 16362 - 16562.
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: 15514 - 15378 - 15277 - 14973.00
Niftyfut Resistance: 15932 - 16163 - 16250 - 16362 - 16486.
Niftyfut Range: 15500 - 17000 for this week (7th Mar to 11th Mar 2022).
BankNifty current price – 32871.25
BankNifty Fut current price – 32989.95
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 07th Mar 2022, it has closed above support - 32879.95
If today 08th March - it opens above or moves above resistance level - 34378.70, then it can move further till 35346.70
BankNifty Fut Support: 32879 - 31817.45 - 31449 - 30958.
BankNifty Fut Resistance: 33917 - 34400 - 35117 - 35346 - 35740
BankNifty Fut Range: 32879 - 36286 for this week (7th Mar to 11th Mar 2022).if breaks 32879, max it can fall to 2021 - budget low 29661.00
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