Nifty and bank nifty index 29/07/22
Charts and index daily #139
Nifty 50 current price – 16929.60
Nifty future current price – 16930.00
Niftyfut Outlook:
Niftyfut has moved from 16450 (20th Dec 2021) to 18363.50 ( 18th Jan 2022). On 28th Jul 2022, it closed at 16930.00 30min 20EMA – 16806.00
If today 29th Jul, it opens or moves above 17070 it can move further until 17330.
Until Nifty close above 17070 do not go long in Nifty fut.
Niftyfut Support: 16900 - 16762 - 16567 - 16448 -16266 -16163 - 15935.
Niftyfut Resistance: 17062 - 17334 - 17428 -17540 - 17693 - 17853.
Niftyfut Range: 16200 - 17062 for this week (25th Jul to 29th Jul 2022)
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Bank nifty current price – 37378.15
BankNifty Fut current price – 37381.45
BankNifty Fut Outlook:
Banknifty future has moved from 34150 (20th Dec 2021) to 38965.65 (18th Jan 2022). On 28th Jul 2022, it closed above 200 EMA - 35537.00
If today 29th Jul -Banknifty - opens above or moves above a resistance level of 37780, bank nifty Fut can move till 38423.
BankNifty Fut Support: 36954 - 36400 - 36691 - 35967 - 35645 - 35117.
BankNifty Fut Resistance: 37386 - 37761- 38189 - 38617 - 38754.
BankNifty Fut Range: 34875 - 38518 for this week (25th Jul to 29th Jul 2022).
Due to the upcoming RBI meeting next week, BANK nifty will be very volatile and do not go long or short in bank nifty until meetings are over.
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