Nifty and bank nifty index 21/03/23

Charts and index daily #298

Nifty 50 current price – 16988.40

Nifty future current price – 17028.90

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 20th MAR 2023, MAR Fut - closed at 17029 30min 20EMA – 17000

If today, 21st MAR - it opens or moves above 17100 - it can move further until 17230

Niftyfut Support: 16850 - 16700 - 16500 - 16200 - 16000 - 15850.

Niftyfut Resistance:17270 - 17350 - 17430 - 17541 - 17609 - 17690.

Niftyfut Range: (17062 - 18090) for this week (20th Mar to 24th Mar 2023)

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Bank nifty current price – 39362

BankNifty Fut current price – 39482

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 20th MAR 2023, it closed above 200 EMA - 40150

If today, 21st MAR - it opens or moves above 39900 - it can move further until 40300

BankNifty Fut Support: 39450 - 39200 - 38720 - 38500 - 38000 - 37500 - 37000.

BankNifty Fut Resistance: 39889 - 40217 - 40430 - 40780 - 41050 - 41350.

BankNifty Fut Range: (40290 - 43340) for this week (20th Mar to 24th Mar 2023)