Nifty and bank nifty index 26/05/22
Charts and index daily #93
Nifty 50 current price – 16025.80
Nifty future current price – 16013.80
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 25th May 2022, it closed at 16013.80 30min 20EMA – 16080.
If today, 26th May, it opens or moves above 16180, it can move further until 16260.
if Nifty closes above 16435 this week and Banknifty, Nifty IT index starts to perform then this month itself nifty can reach 17000 again. ( We have two more days, still Nifty can rally 400 points in two days).
Niftyfut Support: 15935 - 15722 - 15514 - 15350 - 15200.
Niftyfut Resistance: 16163 - 16362 - 16486 - 16562 - 16783 - 17004.
Niftyfut Range: 15722 - 16435 for this week (23rd May to 27th May 2022).if Nifty close above 16435, then this week Nifty can reach 16783.
Bank nifty current price – 34339.50
BankNifty Fut current price – 34330.15
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 25th May 2022, it closed below 200 EMA - 35970.00
If today 26th May - opens above or moves above resistance level - 34770, it can move further till 35160 and Bank nifty can move till 35645.75 this week.
BankNifty Fut Support: 34135 - 33951 - 33670 - 33240 - 33081 - 32550.
BankNifty Fut Resistance: 34378.70 - 34717 - 34930 - 35160 - 35645.
BankNifty Fut Range:Â 33670 - 35645Â for this week (23rd May to 27th May 2022).
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