Nifty and bank nifty index 11/03/22
Charts and index daily #43
Nifty 50 current price – 16594.90
Niftyfut current price – 16566.50
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 10th Mar 2022, it has closed at 16566.50 30min 20EMA – 16518.00
If today 11th March, it opens above - 16518.00 and moves above the resistance level 16720, it can move further till 17000.
Until volatility normalise in the market and Nifty (spot) close for the day above 16750, it was not advisable to go long in nifty Fut.
Niftyfut Support: 16486 - 16362 - 16250 - 16163 - 15932.
Niftyfut Resistance: 16562 - 16709.35 - 17000 -17200
Niftyfut Range: 15500 - 17000 for this week (7th Mar to 11th Mar 2022).
BankNifty current price – 34475.00
BankNifty Fut current price – 34440
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 10th Mar 2022, it has closed above support - 34378.00
If today 11th March - it opens above or moves above resistance level - 35117.00, then it can move further till 35346.70
BankNifty Fut Support: 33917 - 32879 - 31817.45 - 31449 - 30958.
BankNifty Fut Resistance: 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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