Nifty and bank nifty index 25/10/22

Charts and index daily #197

Nifty 50 current price – 17730.75

Nifty future current price – 17736.00

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 24th OCT 2022, it closed at 17736 30min 20EMA – 17610.00

If today 25th OCT, it opens or moves above 17860 - it can move further until 18097.

Niftyfut Support: 17670 - 17540 - 17428 - 17266 - 17062 - 16860.

Niftyfut Resistance: 17850 - 18000 - 18200 - 18500 - 18700.

Niftyfut Range: 16950 - 18090 for this week (24th OCT to 28th OCT 2022)

Bank nifty current price – 41305.00

BankNifty Fut current price – 41321.00

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 24th OCT 2022, it closed above 200 EMA - 37280.00

If today 25th OCT, it opens above or moves above a resistance level of 41550, it can move further until 41850.

BankNifty Fut Support: 41219 - 40750 - 40430 - 40217 - 39850 - 39650 -39200.

BankNifty Fut Resistance: 41364 - 41500 - 41680 - 41820 - 42000 - No resistance.

BankNifty Fut Range: 39200 - 41850 for this week (24th OCT to 28th OCT 2022).

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