Market Mantra: 08/03/2018
SGX-NF: 10205 (+27 points)
For the Day: updated: 11:45
March-Fut (Key Technical Levels)
Support for NF: 10170/10130-10095/10040 and 9960-9915/9815
Resistance for NF: 10275/10300-10350/10395 and 10435/10485
Support for BNF: 24140/24000-23850/23600 and 23450/23150
Resistance for BNF: 24550/24700-24900/25100 and 25300/25575
Technical View (Positional):
Technically, Nifty Fut-Jan (NF) has to sustain over 10300 areas for a further rally towards 10350-10395 and 10435-10485 zones in the short term (under bullish case scenario).
On the flip side, sustaining below 10275-10240 areas, NF may fall towards 10170/10130 -10095/10040 and 9960-9915 zones in the short term (under bear case scenario).
Technically, Bank Nifty-Fut (BNF) has to sustain over 24550 areas for a further rally towards 24700/24900-25100 and 25300-25575 zones in the near term (under bullish case scenario).
On the flip side, sustaining below 24500-24400 areas, BNF may fall towards 24140/24000-23850/23600 and 23450-23150 zones in the near term (under bear case scenario).