Nifty and bank nifty index 27/10/23

Charts and index daily # 444

Nifty 50 current price - 18857

Nifty future current price – 18972

Nifty fut Outlook:

Nifty fut has moved from 16450 (20th Dec 2021) to 18363.50 (18th Jan 2022). On 26th NOV 2023,NOV Fut - closed at 18972 - 30min 20EMA – 19067

If today, 27th OCT - Market may face resistance around 19253, do not trade anything in All-time high.

Nifty fut Support: 18700 - 18500 - 18350

Nifty fut Resistance: 19000 - 19400 - 19550 - 19750 - 19690 - 19980 - No resistance.

Nifty fut Range: (19000- no range) for this week (23rd OCT 2023 to 27th OCT 2023)support broken market may fall to 18100.

Bank nifty current price – 42280

BankNifty Fut current price – 42601

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 26th OCT 2023, NOV FUT closed below 200 EMA - 43372

If today, 27th OCT - if price trade above 43030, it can move up to 43590

Bank Nifty Fut Support: 42500 - 42000

Bank Nifty Fut Resistance: 43030 - 43590 - 44000 - 44250 - 44750 - 45307 - No resistance.

Bank Nifty Fut Range: (43000 - No resistance) for this week (23rd OCT 2023 to 27th OCT 2023) support broker ,market may fall after 6 months.