Market Mantra: Nifty & Bank Nifty Fut (16_02_18)

Market Mantra: 16/02/2018 (09:00)

SGX-NF: 10580 (+62)

For the Day: updated: 11:35

Feb-Fut (Key Technical Levels)

Support for NF: 10560/10510-10470/10430 & 10400-10370

Resistance for NF: 10615/10655-10675/10735

Support for BNF: 25400/25250-25000/24800

Resistance for BNF: 25650/25875-25950/26050

Trading Idea (Positional):

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

On the flip side, sustaining below 10655-10615 area, NF may fall towards 10560-10520 & 10470-10430  and 10400-10370 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25650 area for further rally towards 25875/25950-26050 & 26250-26550 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 25600 area, BNF may fall towards 25400-25250 & 25000-24800 area in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500