Market Mantra: Nifty and Bank Nifty Future (05_03_18)

Market Mantra: 05/03/2018

SGX-NF: 10365 (-77 points)

For the Day: updated: 12:05

March-Fut (Key Technical Levels)

Support for NF: 10330/10290-10240/10130-10100

Resistance for NF: 10430/10485-10525/10575

Support for BNF: 24800-24500/24350-24000/23850

Resistance for BNF: 25000/25200-25450/25575

Technical View(Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10450 areas for a further rally towards 10485/10525-10575/10650 and 10695-10750 zones in the short term (under bullish case scenario). 

On the flip side, sustaining below 10430-10405 areas, NF may fall towards 10330-10290 and 10240-10130/10100 zones in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25000 areas for a further rally towards 25300/25450-25575 and 25800-26000 zones in the near term (under bullish case scenario).

On the flip side, sustaining below 24950-24900 areas, BNF may fall towards 24800-24500 and 24350-24000/23850 zones in the near term (under bear case scenario).

USDJPY VIEW:

SGX-NF

BNF

SPX-500