Market Mantra: Nifty and Bank Nifty Fut (19_02_18)

Market Mantra: 19/02/2018 (09:00)

SGX-NF: 10480 (+38)

For the Day: updated: 11:05

Feb-Fut (Key Technical Levels)

Support for NF: 10430/10400*-10370/10330 and 10300-10240

Resistance for NF: 10555/10595-10655*/10675 and 10735-10785

Support for BNF: 25100/25000-24800 and 24625-24425

Resistance for BNF: 25500/25650-25800 and 25925-26075

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10595 area for a further rally towards 10655/10675-10735/10785 & 10860-10925 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10575-10555/10515 area, NF may fall towards 10475/10430-10400/10370 & 10330/10300-10240-10100 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25500 area for a further rally towards 25650/25800-25925/26075 & 26250-26550 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 25450-25300 area, BNF may fall towards 25200/25100-25000/24800 & 24625-24425 area in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500