Wednesday, 21 March 2018

Market Mantra: Nifty, Bank Nifty and SPX-500 Future (21_03_18)

Market Mantra: 21/03/2018

SGX-NF: 10195

For the Day: updated: 12:20

March-Fut (Key Technical Levels)

Support for NF:

10170/10120-10070/10030-9995*/9950-9880/9815

Resistance to NF:

10205/10265*-10300/10350-10405/10450-10495/10530

Support for BNF:

24050-23950*/23850-23600/23400-23150/23000

Resistance to BNF:

24550/24700-24850*/24950-25100/25250-25400/25600

SPX-500: 2725 (LTP)

Support for SPX-500:

2715/2700-2685/2660-2645/2620

Resistance to SPX-500:

2745/2765-2785/2805-2815/2835

Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10300 for a further rally towards 10350/10405-10450/10495-10530/10600 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10280 NF may fall towards 10205/10170-10120/10070-10030/9995 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24550 for a further rally towards 24700/24850-24950/25100 in the near term (under bullish case scenario).

On the flip side, sustaining below 24500, BNF may fall towards 24200/24050-23950/23850 in the near term (under bear case scenario).


Technical View: SPX-500


Technically, SPX-500 now has to sustain over 2745 for 2765/2785-2805/2815-2835/2865; otherwise, sustaining below 2730, it may again come down towards 2715-2700-2685/2645-2620/2610 in the coming days.



SGX-NF


BNF


SPX-500

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