Nifty and bank nifty index 16/11/23
Charts and index daily # 456
Nifty 50 current price - 19675
Nifty future current price – 19723
Nifty fut Outlook:
Nifty fut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 15th NOV 2023, NOV Fut - closed at 19723 - 30min 20EMA – 19663
If today, 16th NOV - Market may take support at 19540 and No resistance, donot trade near to all time high.
Nifty fut Support: 19550 - 19400 - 19000 - 18700 - 18500 - 18350
Nifty fut Resistance: 19750 - 19690 - 19980 - No resistance.
Nifty fut Range: (18500 - no range) for this week (13th NOV 2023 to 17th NOV 2023)
Bank nifty current price – 44201
BankNifty Fut current price – 44387
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 15th NOV 2023, NOV FUT closed below 200 EMA - 43359
If today, 16th NOV - if now starts price trade above 44000, it can move up to 45307
Bank Nifty Fut Support: 44000 - 43590 - 43030 - 42500 - 42000
Bank Nifty Fut Resistance: 44250 - 44750 - 45307 - No resistance.
Bank Nifty Fut Range: (42500 - No resistance) for this week (13th NOV 2023 to 17th NOV 2023) support broken, market may fall now, after 6 months of up and down.
