Nifty and bank nifty index 09/05/23

Charts and index daily # 329

Nifty 50 current price - 18280

Nifty future current price – 18323

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 08th MAY 2023, MAY Fut - closed at 18310 - 30min 20EMA – 18290

If today, 09th MAY - it moves above 18350 - it can move further until 18400

Niftyfut Support: 18240 - 18160 - 18020 -17850 - 17770 - 17690 - 17609 - 17541.

Niftyfut Resistance: 18350 - 18500 - 18700 - 19000 - 19500.

Niftyfut Range: (17609 - 18486) for this week (08th May to 12th May 2023)

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Bank nifty current price – 43310

BankNifty Fut current price – 43330

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 08th MAY 2023, it closed Above 200 EMA - 40577

If today, 09th MAY - it opens or moves above 43900 - it can move further until 44250

BankNifty Fut Support: 43030 - 42500 - 42000 - 41530 - 41350 - 41050 - 40780

BankNifty Fut Resistance: 43380 - 44000 - 44250 -No resistance.

BankNifty Fut Range: (40000 - 44000) for this week (08th May to 12th May 2023)