Nifty and bank nifty index 28/03/22

Charts and index daily #53

Nifty 50 current price – 17153

Niftyfut current price – 17194.05

Niftyfut Outlook:

Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 25th Mar 2022, it has closed at 17194.05 30min 20EMA – 17200.22

If today 28th March, it opens above - 17200.00 and moves above the resistance level 17307, it can move further till 17430 - 17670.

Niftyfut Support: 17000 - 16730 - 16562 - 16450.

Niftyfut Resistance: 17200 - 17306 - 17430 - 17669.

Niftyfut Range: 16750 - 18000 for this week (28th Mar to 01st Apr 2022).

BankNifty current price – 35410.10

BankNifty Fut current price – 35558.80

BankNifty Fut Outlook:

Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 25th Mar 2022, it has closed below 200 EMA - 36108.21

If today 28th March - it opens above or moves above resistance level - 36109, then it can move further till 36400 - 36700. Otherwise, if it breaks 35500 - it can correct till 34950.

HDFC BANK, ICICI BANK, KOTAK BANK - trading below 200 EMA, until these bank stocks trade above 200 EMA, bank nifty will be weak and move as per these three bank stocks share price movement.

BankNifty Fut Support: 35346 - 34400 - 33917 - 32879.

BankNifty Fut Resistance: 35740 - 36286 - 36539 - 37041

BankNifty Fut Range: 32700 - 37500 for this week (28th Mar to 1st April 2022)

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