Nifty and bank nifty index 11/11/22

Charts and index daily #208

Nifty 50 current price – 18028.20

Nifty future current price – 18092.65

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 10th NOV 2022, it closed at 18092.65 30min 20EMA – 18116

If today 11th NOV, it opens or moves above 18380 - it can move further until 18480.

Niftyfut Support: 18091 - 17980 - 17740 - 17670 - 17540.

Niftyfut Resistance: 18170 -18245 - 18376 - 18500 - 18594.

Niftyfut Range: 17350 - 18350 for this week (07th Nov to 11th Nov 2022)

Bank nifty current price – 41603.75

BankNifty Fut current price – 41731.05

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 10th Nov 2022, it closed above 200 EMA - 37716.00

If today 11th nov, it opens above or moves above a resistance level of 41850, then there is No resistance for banknifty , it can move higher.

BankNifty Fut Support: 41680 - 41500 - 41364 - 41219- 40750.

BankNifty Fut Resistance: 41820 - 42000 - No Resistance.

BankNifty Fut Range: 39200 - 41850 for this week (07th Nov to 11th Nov 2022. On 9th Nov 2022 it closed above 41850.if HDFCBANK close above 1520 and ICICI bank above 920, Bank nifty can move to 42500 this week.

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