Market Mantra: Nifty and Bank Nifty Future (12_03_18)

Market Mantra: 12/03/2018 (09:00)

SGX-NF: 10325 (+106 points)

Expected BNF opening: 24570 (+1.05%)

For the Day: updated: 11:35

March-Fut (Key Technical Levels)

Support for NF: 

10300/10235-10180/10130-10095/10040

Resistance to NF: 

10375/10425-10465/10505-10545/10595

Support for BNF: 

24500/24200-24000/23850-23600/23450

Resistance to BNF: 

24600/24900-25100/25250-25400/25600

Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10375 areas for a further rally towards 10425/10465-10505/10545-10595 zones in the short term (under bullish case scenario). 

On the flip side, sustaining below 10355 areas, NF may fall towards 10300/10235- 10180/10130-10095/10040 zones in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24600 areas for a further rally towards 24900/25100-25250/25400-25600 zones in the near term (under bullish case scenario).

On the flip side, sustaining below 24550-24500 areas, BNF may fall towards 24200/24000-23850/23600-23450 zones in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500