Nifty and bank nifty index 20/05/22
Charts and index daily #89
Nifty 50 current price – 15809.40
Nifty future current price – 15769.45
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 19th May 2022, it closed at 15769.45 30min 20EMA – 15935.00
If today 20th May, it opens or moves above 15935, then it can move further till 16362.00
if Nifty closes above 16165, then Nifty can move to 16500 this week and Banknifty, Reliance starts to perform then this month itself nifty can reach 17000 again.
Due to Nifty IT and reliance, Nifty is unable to sustain above 16170 and still Nifty can reach 17000 this month. If TCS,Reliance,HDFCBANK moves up 2 to 3% Nifty can close above 16170 again tomorrow.
Niftyfut Support: 15722 - 15514 - 15350 - 15200 - 15000
Niftyfut Resistance: 16163 - 15935 -15850 -16362 - 16486 - 16562.
Niftyfut Range: 15430 - 16562 for this week (16th May to 20th May 2022).
Bank nifty current price – 33315.65
BankNifty Fut current price – 33274.30
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 19th May 2022, it closed below 200 EMA - 35964.00
If today 20th May - it opens above or moves above resistance level - 33523, then it can move further till 34370.00
BankNifty Fut Support: 33081 - 32550 - 32000 - 31817.00
BankNifty Fut Resistance: 34135 - 34378.70 - 34717 - 34930
BankNifty Fut Range:Â 32770 - 35346Â for this week (16th May to 20th May 2022).
Banknifty maximum can go to 30930, in most cases our market will bottom out. Once banknifty stops downfall and starts performing back.
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