Nifty and bank nifty index 27/10/22

Charts and index daily #198

Nifty 50 current price – 17656.35

Nifty future current price – 17654.95

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 25th OCT 2022, it closed at 17654.95 30min 20EMA – 17670.00

If today 27th OCT, it opens or moves above 17860 - it can move further until 18097.

Niftyfut Support: 17540 - 17428 - 17266 - 17062 - 16860 - 16500.

Niftyfut Resistance: 17670 - 17850 - 18000 - 18200 - 18500 - 18700.

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

Bank nifty current price – 41122.75

BankNifty Fut current price – 41111.15

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 25th OCT 2022, it closed above 200 EMA - 37320.00

If today 27th OCT, it opens above or moves above a resistance level of 41550, it can move further until 41850.

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

BankNifty Fut Resistance: 41219 - 41364 - 41500 - 41680 - 41820 - 42000.

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

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