Nifty and bank nifty index 16/03/22
Charts and index daily #46
Nifty 50 current price – 16663.00
Niftyfut current price – 16648.60
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 15th Mar 2022, it has closed at 16648.60 30min 20EMA – 16763
If today 16th March, it opens above - 16763 and moves above the resistance level 16850, it can move further till 17000 - 17300.
On Monday Nifty spot closed above 16750 and Tuesday Nifty spot opened at 16900. Due to selling at 12.30 PM nifty spot corrected 270 points and closed at 16663.00
If today 16th March 2022, Nifty spot is unable to close above 16750. It was not advisable to go long in the nifty future.
Niftyfut Support: 16562 - 16486 - 16362 - 16250 - 16163 - 15932.
Niftyfut Resistance: 17000 -17200 - 17300 - 17430.
Niftyfut Range: 15500 - 17000 for this week (14th Mar to 18th Mar 2022).
BankNifty current price – 35022.65
BankNifty Fut current price – 34930.00
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 15th Mar 2022, it has closed below resistance - 35117.25
If today 16th March - it opens above or moves above resistance level - 35346.00, then it can move further till 36286.00
BankNifty Fut Support: 34400 - 33917 - 32879 - 31817.45 - 31449 - 30958.
BankNifty Fut Resistance: 35346 - 35740 - 36286 - 36539
BankNifty Fut Range: 32879 - 36286 for this week (14th Mar to 18th Mar 2022).if breaks 32879, max it can fall to 2021 - budget low 29661.00
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