Nifty and bank nifty index 24/02/22
Charts and index daily #33
Nifty 50 current price – 17063.25
Niftyfut current price – 17067.85
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 23rd Feb 2022, it has closed at 17067.85 30min 20EMA – 17120.35
If today 24th Feb, it opens above -Â 17120.35Â Â and moves above the resistance level 17310, it can move further till 17430 - 17670.
Until volatility normalise in the market and Nifty (spot) close for the day above 17430, it was not advisable to go long in nifty Fut.
Niftyfut Support: 17004 - 16850 - 16650 - 16486 - 16250.
Niftyfut Resistance: 17120 - 17230 - 17306 - 17430 - 17540.
Niftyfut Range: 16650 - 18067 for this week (21th Feb to 25th Feb 2022), If it moves above the resistance of 18067 then it can move further till 18244-18350.
BankNifty current price – 37392.05
BankNifty Fut current price – 37418.00
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 23rd Feb 2022, it has closed below support - 37421.00
If today 24th Feb 22 - it opens above or moves above resistance level - 38189, then it can move further till 38617.00 - 40265.00
If ICICIBANK moves above 811.00, then it can move towards 825 and HDFCBANK moves further towards 1560, then Banknifty can move further higher to 40335.
BankNifty Fut Support: -37041- 36540 - 36250 - 35740.
BankNifty Fut Resistance: 37421 - 37650 - 38189 - 38617.35 - 38965.65.
BankNifty Fut Range: 36450 - 38617.00 for this week (21st Feb to 25th Feb 2022). If it crosses 38617, then it can move further till 40200.
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