Nifty and bank nifty index 18/01/22
Charts and index daily #07
Nifty 50 current price – 18308.10
Niftyfut current price – 18336.60
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18350 ( 17th Jan 2022). On 17th Jan 2022, it has closed at 18336.60 30min 20EMA – 18305.10
If today 18th Jan it opens above - 18305.10 and moves above the resistance level 18350, it can move further till 18438 – 18600, otherwise nifty will see short term correction to 18000-17500.
Niftyfut Support: 18067 - 17740 -17540 -17430
Niftyfut Resistance: 18350 -18438 -18600
Niftyfut Range: 17430 - 18438 for this week (17th to 21st Jan 2022), If it moves above the resistance of 18350 then it can move further till 18438 - 18600.
BankNifty current price – 38216.15
BankNifty Fut current price – 38368.20
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38957 (12th Jan 2022). On 17th Jan 2022, it has closed below resistance - 38617.35
If today 18th jan22 - it opens above or moves above resistance level - 38617.35, then it can move further till 39053 - 39434 - 40200.
otherwise, if HDFCBANK and ICICIBANK start falling before the budget, we can expect bank nifty to break 38189.20 and move further till 35800.
As stated yesterday (17th Jan 22) - HDFCBANK -1.53% and ICICI bank closed flat. So due to HDFCBANK falling more than 1.5%, Banknifty closed down -0.40%. If both HDFCBANK and ICICIBANK start to fall on the same day or week. Banknifty will move further till 35800.
BankNifty Fut Support: 37400 - 36449 - 36822 - 35600
BankNifty Fut Resistance: 39053 - 39434 - 40200
BankNifty Fut Range: 36450 - 40200 for this week (17th to 21st Jan 2022).
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