Nifty and bank nifty index 17/10/23

Charts and index daily # 437

Nifty 50 current price - 19731

Nifty future current price – 19740

Nifty fut Outlook:

Nifty fut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 14th OCT 2023, OCT Fut - closed at 19740 - 30min 20EMA – 19762

If today, 17th OCT - No resistance, do not trade anything in All-time high.

Nifty fut Support: 19750 - 19690 - 19550 - 19400 - 19000 - 18700 - 18500 - 18350

Nifty fut Resistance: 19980 - No resistance.

Nifty fut Range: (19000- no range) for this week (16th OCT 2023 to 20th OCT 2023)

Bank nifty current price – 44225

BankNifty Fut current price – 44343

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 16th OCT 2023, OCT FUT closed Above 200 EMA - 43276.

If today, 17th OCT - if price trade above 45150, it can move up to 45600.

Bank Nifty Fut Support: 44250 - 44000 - 43590 - 43030 - 42500 - 42000

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

Bank Nifty Fut Range: (43000 - No resistance) for this week (16th OCT 2023 to 20th OCT 2023)