Nifty and bank nifty index 11/07/23
Charts and index daily # 371
Nifty 50 current price - 19356(yesterday closing)
Nifty future current price – 19410(yesterday closing)
Niftyfut Outlook:
End of the day analysis.
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 10th JUL 2023, JUL Fut - closed at 19410 - 30min 20EMA – 19440
11th July - fut - opended above 19440 and reached high of 19556. It’s not broken 30min 20ema. If brought at open it would have given 5k profit.again at end of the day on paper it’s profit , but trading in live market even small loss will be 1k in nifty fut.
Have mindset of losing 1k before trading in market.
Last do not trade at All time high,market may move any side.
Niftyfut Support: 19000 - 18700 - 18500 - 18350 - 18240 - 18160 - 18020 -17850.
Niftyfut Resistance: No resistance
Niftyfut Range: (18500 - 19500) for this week (10th Jul 2023 to 14th Jul 2023)
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Bank nifty current price – 44861( yesterday closing price)
BankNifty Fut current price – 44945( yesterday closing price)
BankNifty Fut Outlook:
End of the day analysis
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 10th JUL 2023, it closed Above 200 EMA - 41863
11th July - opended at 45051 after mid day broken the 45051 and closed at days low 44915.
Bank Nifty Fut Support: 45000 - 44250 - 44000 - 43590 - 43030 - 42500 - 42000 - 41530.
Bank Nifty Fut Resistance: No resistance.
Bank Nifty Fut Range: (43000 - No resistance) for this week (10th Jul 2023 to 14th Jul 2023)