Nifty and bank nifty index 12/07/22
Charts and index daily #126
Nifty 50 current price – 16216.00
Nifty future current price – 16203.50
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 11th Jul 2022, it closed at 16216.00 30min 20EMA – 16168.00
If today 12th Jul, it opens or moves above 16267 it can move further until 16362.00
If went long at 16000 on 06072022, hold for 16500 in July month and also if US market falls. Nifty also may fall to 15300 in July month.
Niftyfut Support: 16163 - 15935 - 15722 -15666 - 15503 - 15323.
Niftyfut Resistance: 16266 - 16448 - 16567 - 16762 - 16861.00
Niftyfut Range: 15935 - 16567 for this week (11th Jul to 15th Jul 2022).
Bank nifty current price – 35469.65
BankNifty Fut current price – 35487.50
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 11th Jul 2022, it closed above 200 EMA - 35482.00
If today 12th Jul -Banknifty - opens above or moves above a resistance level of 35650, bank nifty Fut can move till 35940.00
If HDFCBANK and ICICI bank will able to close above 1400 and 760, Banknifty may close above 200 EMA in July month itself.As mentioned hdfcbank and icici bank performed as above and Banknifty closes above 200EMA 35482.00
Then Nifty can bottom out at the 15700 level and we may start seeing a new high in this year 2022.
BankNifty Fut Support: 35117 - 34616.50 - 34430 - 34280 - 33897 - 33250 - 33514.
BankNifty Fut Resistance: 35645 - 35967 - 36400 - 36691.50 - 36954.00
BankNifty Fut Range: 34500 - 35645 for this week (11th Jul to 15th Jul 2022).
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