Market Mantra: Nifty, Bank Nifty and SPX-500 Future (16_03_18)

Market Mantra: 16/03/2018 (09:00)

SGX-NF: 10324 (-42 points)

For the Day: updated: 13:00

March-Fut (Key Technical Levels)

Support for NF:

10285/10240*-10180/10140-10100/10040

Resistance to NF:

10385/10405*-10455/10495-10535/10605

Support for BNF:

24750*/24650-24500/24400-24150/24000

Resistance to BNF:

24950/25100*-25250/25450-25550/25650

SPX-500: 2753 (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 10405 for a further rally towards 10455/10495-10535/10605 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10385-10350 NF may fall towards 10285-10240/10180-10140/10100 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24950 for a further rally towards 25100/25250-25450/25550 in the near term (under bullish case scenario).

On the flip side, sustaining below 24900, BNF may fall towards 24750/24650-24500/24400-24150/24000 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