Monday 26 February 2018

Market Mantra: Nifty and Bank Nifty Future (26_02_18)

Market Mantra: 26/02/2018 (09:00)

SGX-NF: 10540 (+33 points)

For the Day: updated: 11:25

March-Fut (Key Technical Levels)

Support for NF: 10510/10470-10415*/10340

Resistance for NF: 10555/10595-10615/10655*

Support for BNF: 25445/25375*-25150/25000

Resistance for BNF: 25500/25650-25775*/25975


Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10615 area for a further rally towards 10655-10725 and 10790-10825 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10595 area, NF may fall towards 10555/10510-10470 and 10415-10340 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25650 area for a further rally towards 25775-25975 and 26100-26200 zone in the near term (under bullish case scenario).


On the flip side, sustaining below 25600 area, BNF may fall towards 25445-25375 and 25150-25000 area in the near term (under bear case scenario).



SGX-NF


BNF


SPX-500

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