Nifty and bank nifty index 19/01/22
Charts and index daily #08
Nifty 50 current price – 18113.05
Niftyfut current price – 18113.70
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 18th Jan 2022, it has closed at 18113.70 30min 20EMA – 18245.06
If today 19th Jan it opens above - 18245.06 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 – 38210.30
BankNifty Fut current price – 38267.95
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 18th Jan 2022, it has closed above support - 38189.20
If today 19th jan22 - it opens above or moves above resistance level - 38617.35, then it can move further till 38965 - 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.
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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