Market Mantra: Nifty, Bank Nifty and SPX-500 Future (19_03_18)

Market Mantra: 19/03/2018 (09:00)

SGX-NF: 10200 (-38 points)

For the Day: updated: 12:25

March-Fut (Key Technical Levels)

Support for NF:

10170/10140-10120*/10100-10070/10040-9995/9950

Resistance to NF:

10250/10300-10330*/10385-10435/10495-10545/10595

Support for BNF:

24450*/24250-24150/23950-23850/23600

Resistance to BNF:

24850/24950-25100*/25250-25400/25600

SPX-500: 2746 (LTP)

Support for SPX-500:

2740/2725-2700/2685-2645/2620

Resistance to SPX-500:

2765/2785-2805/2815-2835/2865

Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10330 for a further rally towards 10385-10435-10495-10545/10595 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10300-10250 NF may fall towards 10170/10140-10120/10100-10070/10040-9995/9950 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24850-24950 for a further rally towards 25100/25250-25400/25600-25800 in the near term (under bullish case scenario).

On the flip side, sustaining below 24800-24750, BNF may fall towards 24600-24450/24250-24150/23950-23850/23600 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 2775-2765, it may again come down towards 2740/2725-2700/2685-2645/2620 in the coming days.

SGX-NF

BNF

SPX-500