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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Wednesday, 7 February 2018

Market Mantra/Nifty & Bank Nifty Fut (07/02/2018)

Market Mantra: 07/02/2018 (09:00)

SGX-NF: 10605 (+71)

For the Day: updated: 10:30

Feb-Fut (Key Technical Levels)

Support for NF: 10580/10560*-10510/10480 & 10430-10390

Resistance for NF: 10655/10685*-10755/10785

Support for BNF: 25900/25700-25400/25250

Resistance for BNF: 26250/26400-26575/26800


Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10685 area for further rally towards 10755/10785-10825-10895 & 10935-10990 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10655 area, NF may fall towards 10580/10560-10510/10480 & 10430-10390 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 26250 area for further rally towards 26400-26575 & 26800-27000 zone in the near term (under bullish case scenario).


On the flip side, sustaining below 26200 area, BNF may fall towards 26100/25900-25700 & 25400-25250 area in the near term (under bear case scenario).



SGX-NF


BNF
SPX-500
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