Nifty and bank nifty index 16/08/23

Charts and index daily # 396

Nifty 50 current price - 19434

Nifty future current price – 19478

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 14th AUG 2023, AUG Fut - closed at 19478 - 30min 20EMA – 19457

If today, 16th AUG - No resistance do not trade anything in All-time high.

Niftyfut Support: 19000 - 18700 - 18500 - 18350 - 18240 - 18160 - 18020 -17850.

Niftyfut Resistance: No resistance

Niftyfut Range: (19000 - 20000) for this week (14th AUG 2023 to 18th AUG 2023)

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Bank nifty current price – 44090

BankNifty Fut current price – 44234

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 14th AUG 2023, it closed Above 200 EMA - 42620

If today, 16th AUG - untill it’s trade above 44500 - it can move further until No resistance zone.

Bank Nifty Fut Support: 44250 - 44000 - 43590 - 43030 - 42500

Bank Nifty Fut Resistance: 44750 - 45307 - No resistance.

Bank Nifty Fut Range: (43000 - No resistance) for this week (14th AUG 2023 to 18th AUG 2023)