Nifty and bank nifty index 08/04/22
Charts and index daily #62
Nifty 50 current price – 17639.55
Niftyfut current price – 17730.35
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 7th Apr 2022, it has closed at 17730.35 30min 20EMA – 17810.36
If today 8th April, it opens above - 17810.36 and moves above the resistance level 17920, it can move further till 18067.
Niftyfut Support: 17669 - 17430 - 17306 - 17200.
Niftyfut Resistance: 17897 - 18067 - 18200 - 18367.
Niftyfut Range: 17000 - 18000 for this week (4th Apr to 8th Apr 2022). If reliance and TCS start to move up this week, then Nifty can move towards 18367, otherwise Nifty will close below 18000 for this week
BankNifty current price – 37557.35
BankNifty Fut current price – 37764.10
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 7th Apr 2022, it has closed above 200 EMA - 36116.00
If today 8th April - it opens above or moves above resistance level - 38189, then it can move further till 38700.
BankNifty Fut Support: 37746 - 37246 - 37041 - 36691.
BankNifty Fut Resistance: 38400 - 38960 - 39338 - 39800.
BankNifty Fut Range: 35645 - 38423 for this week (4th April to 8th April 2022). if Banknifty fut crosses 38833, then bank nifty fut can close near or above 39500 for this week.
Kindly like, share, and subscribe now to receive the newsletter directly to your email box.
