Market Mantra: Nifty and Bank Nifty Future (27_02_18)

Market Mantra: 27/02/2018 (09:00)

SGX-NF: 10635 (+41 points)

For the Day: updated: 11:15

March-Fut (Key Technical Levels)

Support for NF: 10615/10540-10490/10440

Resistance for NF: 10675/10715-10775/10825

Support for BNF: 25750/25625-25425/25250

Resistance for BNF: 25850/25975-26100/26250

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10675 areas for a further rally towards 10715-10775 and 10825-10875 zones in the short term (under bullish case scenario). 

On the flip side, sustaining below 10655 areas, NF may fall towards 10615-10540 and 10490-10440 zones in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25850 areas for a further rally towards 25975-26100 and 26250-26375 zones in the near term (under bullish case scenario).

On the flip side, sustaining below 25800-25750 areas, BNF may fall towards 25625-25425 and 25250-25000 zones in the near term (under bear case scenario).

SGX-NF

BNF

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