Nifty and bank nifty index 25/02/22
Charts and index daily #34
Nifty 50 current price – 16247.95
Niftyfut current price – 16250.00
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 24th Feb 2022, it has closed at 16250.00 30min 20EMA – 16601.82
If today 25th Feb, it opens above -Â 16601.82Â Â and moves above the resistance level 16750, it can move further till 17004 - 17430.
Until volatility normalise in the market and Nifty (spot) close for the day above 16850, it was not advisable to go long in nifty Fut.
Niftyfut Support: 16250 - 16163 - 15932 -15514.
Niftyfut Resistance: 16486 - 16650 - 16850 - 17004.
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 – 35228.10
BankNifty Fut current price – 35229.90
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 24th Feb 2022, it has closed below support - 35346.00
If today 25th Feb 22 - it opens above or moves above resistance level - 35740, then it can move further till 37600.00 - 38189.00
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: 35117 - 34400 - 33917 - 33300 - 32879.
BankNifty Fut Resistance: 35740 - 36250 - 36540 - 37041 - 37421 - 37650 - 38189.
BankNifty Fut Range: 34400 - 37421 for this week (21st Feb to 25th Feb 2022).
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