Nifty and bank nifty index 16/05/22
Charts and index daily #85
Nifty 50 current price – 15782.15
Nifty future current price – 15786.60
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 13th May 2022, it closed at 15786.60 30min 20EMA – 15923.57
If today 16th May, it opens or moves above 15935, then it can move further till 16163 - 16362.
Monday if Nifty closes in green and closes above 16165, then Nifty can move to 16500 this week and Banknifty, Reliance starts to perform then this month itself nifty can reach 17000 again.
Niftyfut Support: 15722 - 15514 - 15378 - 15277 - 14974.
Niftyfut Resistance: 15850 - 15935 - 16163 -16362 - 16486 - 16562.
Niftyfut Range: 15430 - 16562 for this week (16th May to 20th May 2022). Last Friday it moved to 16080 and after 2 PM it fell to 15741.25 due to sudden sell-off in bank nifty index.
Bank nifty current price – 33121.35
BankNifty Fut current price – 33136.30
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 13th May 2022, it closed below 200 EMA - 36090.00
If today 16th May - it opens above or moves above resistance level - 34037.00, then it can move further till 34378.70.
BankNifty Fut Support: 33081 - 32550 - 32350 - 32000.
BankNifty Fut Resistance: 34135 - 34378.70 - 34717 - 34930 - 35346.
BankNifty Fut Range:Â 32770 - 35346Â for this week (16th May to 20th May 2022).
Banknifty maximum can go to 30930, in most cases our market will bottom out. Once banknifty stops downfall and starts performing back.
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