Market Mantra: Nifty and Bank Nifty Future (07_03_18)

Market Mantra: 07/03/2018

SGX-NF: 10215 (-11 points)

For the Day: updated: 11:35

March-Fut (Key Technical Levels)

Support for NF: 10190/10170-10130/10100 and 10040/9960

Resistance for NF: 10260/10290-10330/10360 and 10435/10485

Support for BNF: 24400/24250-24000 and 23850/23600

Resistance for BNF: 24650/24850-25050/25200 and 25400/25550

Technical View(Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10290 areas for a further rally towards 10330/10360-10435 and 10485-10525 zones in the short term (under bullish case scenario). 

On the flip side, sustaining below 10260 areas, NF may fall towards 10190/10170-10130/10100 and 10040-9960 zones in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24650 areas for a further rally towards 24850-25050 and 25200-25400/25550 zones in the near term (under bullish case scenario).

On the flip side, sustaining below 24600-24500 areas, BNF may fall towards 24400/24250-24000 and 23850-23600 zones in the near term (under bear case scenario).

SGX-NF

BNF

 SPX-500