Nifty and bank nifty index 27/07/22

Charts and index daily #137

Nifty 50 current price – 16483.85

Nifty future current price – 16491.30

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 26th Jul 2022, it closed at 16491.30 30min 20EMA – 16546.00

If today 27th Jul, it opens or moves above 16570 it can move further until 16760.00.

Niftyfut Support: 16448 -16266 -16163 - 15935 - 15722 -15666 - 15503.

Niftyfut Resistance: 16567 - 16762 - 16900 - 17062 - 17334 - 17500 - 17700.

Niftyfut Range: 16200 - 17062 for this week (25th Jul to 29th Jul 2022)

Bank nifty current price – 36408.50

BankNifty Fut current price – 36379.05

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 26th Jul 2022, it closed above 200 EMA - 35507.00

If today 27th Jul -Banknifty - opens above or moves above a resistance level of 36700, bank nifty Fut can move till 37380.

BankNifty Fut Support: 35967 - 35645 - 35117 - 34965 - 34617

BankNifty Fut Resistance: 36400 - 36691- 36954 - 37386 - 37761

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

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