Nifty and bank nifty index 22/07/22

Charts and index daily #134

Nifty 50 current price – 16605.25

Nifty future current price – 16616.45

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 21st Jul 2022, it closed at 16616.45 30min 20EMA – 16549.00

If today 22nd Jul, it opens or moves above 16570 it can move further until 16762.

Niftyfut Support: 16567 - 16448 -16266 -16163 - 15935 - 15722 -15666 - 15503.

Niftyfut Resistance: 16762 - 16900 - 17062 - 17334 - 17500 - 17700.

Niftyfut Range: 15935 - 16567 for this week (18th Jul to 22nd Jul 2022).

Bank nifty current price – 36201.00

BankNifty Fut current price – 36249.25

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 21st Jul 2022, it closed above 200 EMA - 35473.00

If today 22nd Jul -Banknifty - opens above or moves above a resistance level of 36362, bank nifty Fut can move till 36692.00

BankNifty Fut Support: 35967 - 35645 - 35117 - 34616.50 - 34430 - 34280 - 33897.

BankNifty Fut Resistance: 36400 - 36691.50 - 36954 - 37386 - 37761 - 38423

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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