Nifty and bank nifty index 11/02/22
Charts and index daily #24
Nifty 50 current price – 17605.85
Niftyfut current price – 17617.65
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 10th Feb 2022, it has closed at 17617.65 30min 20EMA – 17551.00
If today 11th Feb, it opens above - 17551 and moves above the resistance level 17670, it can move further till 17897 - 18067 in upcoming days.
If Reliance does not move towards 2460 and Nifty unable to cross 17670.Nifty will again face selling pressure and correct to 17300 levels.
Niftyfut Support: 17430 - 17540 - 17306 -17230 - 17004.
Niftyfut Resistance: 17669 - 17740 - 17890 - 18067.
Niftyfut Range: 16650 - 18067 for this week (7th Feb to 11th Feb 2022), If it moves above the resistance of 18067 then it can move further till 18244-18350.
BankNifty current price – 39010.00
BankNifty Fut current price – 39054.00
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 10th Feb 2022, it has closed above the resistance - 38617.00
If today 11th Feb 22 - it opens above or moves above resistance level - 39434, then it can move further till 40200.
If ICICIBANK moves above 811.00, then it can move towards 825 and HDFCBANK moves further towards 1560, then Banknifty can move further higher to 40335.
otherwise, bank nifty future can correct to 36540.00
BankNifty Fut Support: 38965.65 -38617.00 - 38189 - 37421.
BankNifty Fut Resistance: 39053 - 39434 - 40200 - 40335.
BankNifty Fut Range: 36450 - 40200 for this week (7th Feb to 11th Feb 2022).
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