Nifty and bank nifty index 10/08/22
Charts and index daily #146
Nifty 50 current price – 17525.10
Nifty future current price – 17557.75
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 08th AUG 2022, it closed at 17557.75 30min 20EMA – 17507.50
If today 10th AUG, it opens or moves above 17610 it can move further until 17693.20
If went long on Monday (08/08/2022) at Nifty fut close - 17540 to 17560 post 3.15PM
please trail stop loss with 30min 20EMA.once Nifty fut price touches 30min 20EMA.
As per your risk management. Please close or carry position.
Note: This newsletter is educational purpose only.
Niftyfut Support: 17540 - 17428 - 17334 - 17062 - 16900 - 16762.
Niftyfut Resistance: 17693 - 17853 - 18000 - 18100 - 18376.
Niftyfut Range: 16670 - 17541 for this week (08th AUG to 12th AUG 2022).
It has broken the levels as per technicals and Nifty has already moved 1400 points from bottom in just few weeks.
So Now Index will follow earnings and individuals stocks news to move up and down.
As per our view Reliance AGM , HDFC and HDFCBANK merger ,IT sector positive news flows from US and other countries will help Nifty to move up.
or any negative news flow from above companies and sectors ( eg. IT - NASDAQ index) will take Nifty back 17300 - 17000.
Bank nifty current price – 38237.40
BankNifty Fut current price – 38287.75
BankNifty Fut Outlook:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 08th AUG 2022, it closed above 200 EMA - 35700.00
If today 10th AUG -Banknifty - opens above or moves above a resistance level of 38430, bank nifty Fut can move till 38750.
BankNifty Fut Support: 38189 - 37761- 37386 - 36954 - 36400.
BankNifty Fut Resistance: 38423 - 38754 - 39080 - 39500 - 39850.
BankNifty Fut Range:Â 35800 - 38518Â for this week (08th AUG to 12th AUG 2022).
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