Wednesday, 14 March 2018

Market Mantra: Nifty, Bank Nifty and SPX-500 Future (14_03_18)

Market Mantra: 14/03/2018 (09:00)

SGX-NF: 10390 (-33 points)

For the Day: updated: 11:45

March-Fut (Key Technical Levels)


Support for NF:

10360*/10325-10285/10240-10180/10140

Resistance to NF:

10435/10465-10500/10520*-10570/10615

Support for BNF:

24500/24400-24150/23950-23850/23600

Resistance to BNF:

24800/24900-25100/25250*-25450/25650

SPX-500: 2768 (LTP)

Support for SPX-500:

2745/2725-2705/2675-2645/2620

Resistance to SPX-500:

2785/2805-2815/2835-2865/2880


Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10435 for a further rally towards 10465/10500-10520/10570-10615/10665 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10415 NF may fall towards 10360/10325-10285/10240-10180/10140 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24900 for a further rally towards 25100/25250-25450/25650-25800/26050 in the near term (under bullish case scenario).

On the flip side, sustaining below 24850/24800, BNF may fall towards 24600/24500-24400/24150-23950/23850 in the near term (under bear case scenario).

Technical View: SPX-500


Technically, SPX-500 now has to sustain over 2785 for 2805/2815-2835/2865-2880; otherwise, sustaining below 2775, it may again come down towards 2745/2725-2695/2675-2645/2620 in the coming days.



SGX-NF


BNF


SPX-500

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