Market Mantra: Nifty And Bank Nifty Future -22_02_18

Market Mantra: 22/02/2018 (09:00)

SGX-NF: 10350 (-39 points)

For the Day: updated: 10:45

Feb-Fut/SPOT (Key Technical Levels)

Support for NF: 10290/10245*-10160/10070

Resistance for NF: 10435/10495*-10535/10585

Support for BNF: 24800/24650*- 24450/24200

Resistance for BNF: 25000/25200-25500/25650

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10455 area for a further rally towards 10495-10535 and 10585-10625 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10435-10395 area, NF may fall towards 10300-10245 and 10160-10070 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25200 area for a further rally towards 25500-25650 and 25875-26075 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 25150-25050 area, BNF may fall towards 25000-24800 and 24650-24450/24200 area in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500