Nifty and bank nifty index 14/01/22

Charts and index daily #05

Nifty 50 current price – 18257.80

Niftyfut current price – 18287.20

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18303.40 ( 13th Jan 2022). On 13th Jan 2022, it has closed at 18287.20 30min 20EMA – 18262.

If today 14th Jan it opens above - 18262 and moves above the resistance level 18350, it can move further till 18438 – 18600, otherwise nifty will see short term correction to 18000-17500.

Niftyfut Support: 18067 - 17740 -17540 -17430

Niftyfut Resistance: 18244 -18350 - 18600

Niftyfut Range: 17430 - 18067 for this week (10th to 14th Jan 2022), If it moves above the resistance of 18067 then it can move further till 18244 – 18350 -18438.

BankNifty current price – 38469.90

BankNifty Fut current price – 38591.40

BankNifty Fut Outlook:

Banknifty fut has moved from 34150 (20th Dec 2021) to 38957 (12th Jan 2022). On 13th Jan 2022, it has closed below resistance - 38591.00

If today 14th jan22 - it opens above or moves above resistance level - 38617.35, then it can move further till 39053 - 39434 - 40200.

BankNifty Fut Support: 37400 - 36449 - 36822 - 35600

BankNifty Fut Resistance: 39053 - 39434 - 40200

BankNifty Fut Range: 36450 - 40200 for this week (10th to 14th Jan 2022).

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