Monday 29 January 2018

Market Mantra: Nifty/India-50

Market Mantra: 29/01/2018 (09:00)

SGX-NF: 11110 (+50)

For the Day: updated: 09:10

For 29/01/2018: Feb-Fut

Key support for NF: 11075/11030-10980/10935

Key resistance for NF: 11155/11175-11215/11285

Key support for BNF: 27300/27050-26800/26600

Key resistance for BNF: 27650/27825-28075/28405

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 11175 area for further rally towards 11215-11285 & 11325-11415 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 11155 area, NF may fall towards 11075-11030 & 10980-10935 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 27600 area for further rally towards 27750-27825 & 28075-28405 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 27550-27450 area, BNF may fall towards 27300-27050 & 26800-26600 area in the near term (under bear case scenario).




No comments:

Post a Comment