Market Mantra: Nifty and Bank Nifty Future (28_02_18)

Market Mantra: 28/02/2018

SGX-NF: 10475 (-89 points)

For the Day: updated: 09:10

March-Fut (Key Technical Levels)

Support for NF: 10470/10415-10330/10290

Resistance for NF: 10525/10585-10640/10675

Support for BNF: 25200/25000-24800/24550

Resistance for BNF: 25550/25650-25800/26000

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10525 areas for a further rally towards 10585-10640 and 10675-10715 zones in the short term (under bullish case scenario). 

On the flip side, sustaining below 10500-10470 areas, NF may fall towards 10415-10330 and 10290-10240 zones in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25550 areas for a further rally towards 25650-25800 and 26000-26250 zones in the near term (under bullish case scenario).

On the flip side, sustaining below 25500-25350 areas, BNF may fall towards 25200-25000 and 24800-24550 zones in the near term (under bear case scenario).

SGX-NF

SPX-500