Market Mantra: Nifty, Bank Nifty and SPX-500 Future (15_03_18)

Market Mantra: 15/03/2018 (09:00)

SGX-NF: 10395 (-38 points)

For the Day: updated: 12:15

March-Fut (Key Technical Levels)

Support for NF:

10380/10340*-10285/10240-10180/10140

Resistance to NF:

10435/10455-10495*/10550-10600/10665

Support for BNF:

24800*/24650-24500/24400-24150/24000

Resistance to BNF:

24900/25100-25250*/25450-25550/25650

SPX-500: 2760 (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 10455 for a further rally towards 10495/10515-10550/10600-10615/10665 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10435 NF may fall towards 10380/10340-10285/10240-10180/10140 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25100 for a further rally towards 25250/25450-25550/25650-25800/26050 in the near term (under bullish case scenario).

On the flip side, sustaining below 25050-24900, BNF may fall towards 24800/24650-24500/24400-24150/24000 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