Nifty and bank nifty index 12/10/22

Charts and index daily #188

Nifty 50 current price – 16983.55

Nifty future current price – 16978.20

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 11th OCT 2022, it closed at 16978.20 30min 20EMA – 17105.00

If today 12th OCT, it opens or moves above 17430 - it can move further until 17541.

Niftyfut Support: 16860 - 16562 - 16486 - 16362 - 16097 - 15931.

Niftyfut Resistance: 17062 - 17266 - 17428 - 17540 - 17670 - 17850.

Niftyfut Range: 16562 - 17700 for this week (10th OCT to 14th OCT 2022)

Bank nifty current price – 38712.45

BankNifty Fut current price – 38810.15

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 11th OCT 2022, it closed above 200 EMA - 37017.00

If today 12th OCT, it opens above or moves above a resistance level of 39500, it can move further until 39890.

BankNifty Fut Support: 38617 - 38423 - 38110 - 37761 - 37300.

BankNifty Fut Resistance: 38862 - 39208 - 39470 - 39889 - 40217.

BankNifty Fut Range: 37600 - 40200 for this week (10th OCT to 14th OCT 2022).

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