Nifty 50 current price – 16520.85
Nifty future current price – 16519.60
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 20th Jul 2022, it closed at 16519.60 30min 20EMA – 16472.00
If today 21st Jul, it opens or moves above 16570 it can move further until 16762.
If went long at 16000 on 06072022, hold for 16500 in July month and also if US market falls. Nifty also may fall to 15300 in July month. Today Nifty reached 16500, So if went long please take a decision as per your risk. The market was moved using a few heavy-weight companies each day. It will not sustain for a long time.
Niftyfut Support: 16448 -16266 -16163 - 15935 - 15722 -15666 - 15503.
Niftyfut Resistance: 16567 - 16762 - 16900 - 17062 - 17334 - 17500.
Niftyfut Range: 15935 - 16567 for this week (18th Jul to 22nd Jul 2022).
Bank nifty current price – 35972.10
BankNifty Fut current price – 35966.75
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 20th Jul 2022, it closed above 200 EMA - 35466.00
If today 21st Jul -Banknifty - opens above or moves above a resistance level of 36362, bank nifty Fut can move till 36692.00
BankNifty Fut Support: 35645 - 35117 - 34616.50 - 34430 - 34280 - 33897.
BankNifty Fut Resistance: 35967 - 36400 - 36691.50 - 36954 - 37386 - 37761.
BankNifty Fut Range: 34500 - 35645 for this week (18th Jul to 22nd Jul 2022).
Hope it will close above 35645 this week for bottom in bank nifty. It was underperforming for more than a year.
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