Market Mantra: Nifty and Bank Nifty Fut (09_03_18)

Market Mantra: 09/03/2018 (09:00)

SGX-NF: 10280 (+46 points)

For the Day: updated: 11:40

March-Fut (Key Technical Levels)

Support for NF: 10240/10200-10170/10130 and 10095/10040

Resistance for NF: 10310/10350-10395/10435 and 10485/10535

Support for BNF: 24500/24200-24000/23850 and 23600/23450

Resistance for BNF: 24850/25000-25200/25400 and 25600/25850

Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10310 areas for a further rally towards 10350-10395 and 10435-10485/10535 zones in the short term (under bullish case scenario). 

On the flip side, sustaining below 10295 areas, NF may fall towards 10240-10200 and 10170/10130-10095/10040 zones in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24850 areas for a further rally towards 25000-25200 and 25400-25600/25850 zones in the near term (under bullish case scenario).

On the flip side, sustaining below 24800-24600 areas, BNF may fall towards 24500-24200 and 24000/23850-23600/23450 zones in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500