Nifty and bank nifty index 25/03/22
Charts and index daily #52
Nifty 50 current price – 17222.75
Niftyfut current price – 17242.80
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 24th Mar 2022, it has closed at 17242.80 30min 20EMA – 17254
If today 25th March, it opens above - 17254 and moves above the resistance level 17307, it can move further till 17430 - 17670.
Niftyfut Support: 17200 - 17000 - 16730 - 16562
Niftyfut Resistance: 17306 - 17430 - 17669 - 17900 - 18000.
Niftyfut Range: 16750 - 18000 for this week (21th Mar to 25th Mar 2022).
BankNifty current price – 35527.10
BankNifty Fut current price – 35641.20
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 24th Mar 2022, it has closed below 200 EMA - 36114
If today 25th March - it opens above or moves above resistance level - 36780, then it can move further till 37041.40 - 37421 . Otherwise, if it breaks 35500 - it can correct till 35100.
HDFC BANK, ICICI BANK, KOTAK BANK - trading below 200 EMA, until these bank stocks trade above 200 EMA, bank nifty will be weak and move as per these three bank stocks share price movement.
BankNifty Fut Support: 35346 - 34400 - 33917 - 32879.
BankNifty Fut Resistance: 35740 - 36286 - 36539 - 37041
BankNifty Fut Range: 35346 - 38189 for this week (21st Mar to 25th Mar 2022)
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