Nifty and bank nifty index 17/03/22

Charts and index daily #47

Nifty 50 current price – 16975.35

Niftyfut current price – 17008.75

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 16th Mar 2022, it has closed at 17008.75 30min 20EMA – 16900.38

If today 17th March, it opens above - 17004 and moves above the resistance level 17004, it can move further till 17060 - 17306.

Niftyfut Support: 16730 - 16562 - 16486 - 16362 - 16250 - 16163 - 15932.

Niftyfut Resistance: 17000 -17200 - 17306 - 17430 - 17669.

Niftyfut Range: 15500 - 17000 for this week (14th Mar to 18th Mar 2022).

BankNifty current price – 35748.25

BankNifty Fut current price – 35804.05

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 16th Mar 2022, it has closed above resistance - 35740.85

If today 17th March - it opens above or moves above resistance level - 36286, then it can move further till 36539.00

BankNifty Fut Support: 34400 - 33917 - 32879 - 31817.45 - 31449 - 30958.

BankNifty Fut Resistance: 35346 - 35740 - 36286 - 36539 - 37041.00

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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