Nifty and bank nifty index 20/10/22

Charts and index daily #194

Nifty 50 current price – 17512.25

Nifty future current price – 17494.65

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 19th OCT 2022, it closed at 17494.65 30min 20EMA – 17507.00

If today 20th OCT, it opens or moves above 17545 - it can move further until 17610.00

Niftyfut Support: 17428 - 17266 - 17062 - 16860 - 16562 - 16486.

Niftyfut Resistance: 17540 - 17670 - 17850 - 18000 - 18200 - 18500.

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

Bank nifty current price – 40373.20

BankNifty Fut current price – 40401.75

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 19th OCT 2022, it closed above 200 EMA - 37173.00

If today 20th OCT, it opens above or moves above a resistance level of 40670, it can move further until 40850.

BankNifty Fut Support: 40217 - 39889 - 39470 - 39208 - 38862.

BankNifty Fut Resistance: 40500 - 40700 - 40960 - 41200 - 41500.

BankNifty Fut Range: 37600 - 40200 for this week (17th OCT to 21st OCT 2022).Yesterday it crossed 40200, so this week it can move towards 40800.

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