Nifty and bank nifty index 25/07/22
Charts and index daily #135
Nifty 50 current price – 16719.45
Nifty future current price – 16722.60
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 22nd Jul 2022, it closed at 16722.60 30min 20EMA – 16658.00
If today 25th Jul, it opens or moves above 16762 it can move further until 16861.
Niftyfut Support: 16567 - 16448 -16266 -16163 - 15935 - 15722 -15666 - 15503.
Niftyfut Resistance: 16762 - 16900 - 17062 - 17334 - 17500 - 17700.
Niftyfut Range: 16200 - 17062 for this week (25th Jul to 29th Jul 2022).
Bank nifty current price – 36738.95
BankNifty Fut current price – 36719.10
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 22nd Jul 2022, it closed above 200 EMA - 35486.00
If today 25th Jul -Banknifty - opens above or moves above a resistance level of 36960, bank nifty Fut can move till 37380.
BankNifty Fut Support: 36691.50 - 36400 - 35967 - 35645 - 35117 - 34616.50.
BankNifty Fut Resistance: 36954 - 37386 - 37761 - 38423 - 38745.
BankNifty Fut Range: 34875 - 38518 for this week (25th Jul to 29th Jul 2022).
Due to the upcoming fed meeting this week and RBI meeting next week, BANK nifty will be very volatile, and do not go long or short in bank nifty until both meetings are over.
