Nifty and bank nifty index 18/10/22

Charts and index daily #192

Nifty 50 current price – 17311.80

Nifty future current price – 17300.30

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 17th OCT 2022, it closed at 17300.30 30min 20EMA – 17257.00

If today 18th OCT, it opens or moves above 17360 - it can move further until 17430.00

Niftyfut Support: 17266 - 17062 - 16860 - 16562 - 16486 - 16362 - 16097.

Niftyfut Resistance: 17428 - 17540 - 17670 - 17850 - 18000 - 18200.

Niftyfut Range: 16562 - 17700 for this week (17th OCT to 21st OCT 2022)

Bank nifty current price – 39920.45

BankNifty Fut current price – 39975.85

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 17th OCT 2022, it closed above 200 EMA - 37108.00

If today 18th OCT, it opens above or moves above a resistance level of 40220, it can move further until 40670.

BankNifty Fut Support: 39889 - 39470 - 39208 - 38862 - 38617 - 38423.

BankNifty Fut Resistance: 40217 - 40500 - 40700 - 40960 - 41200.

BankNifty Fut Range: 37600 - 40200 for this week (17th OCT to 21st OCT 2022).

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