Thursday, 22 March 2018

Market Mantra: Nifty, Bank Nifty and SPX-500 Future (22_03_18)

Market Mantra: 22/03/2018

SGX-NF: 10205 (09:00)

For the Day: updated: 13:10

March-Fut (Key Technical Levels)

Support for NF:

10200/10150-10100/10070-10030*/9995-9950/9880

Resistance to NF:

10265/10285-10305*/10355-10405/10445-10495/10530

Support for BNF:

24350/24150/24050-23950*/23850-23600/23400-23150/23000

Resistance to BNF:

24550/24650-24850*/25050-25200/25300-25600/25800

SPX-500: 2711 (LTP)

Support for SPX-500:

2715/2700-2685/2660-2645/2620

Resistance to SPX-500:

2735/2750-2770/2785-2805/2815

Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10305 for a further rally towards 10355/10405-10445/10495-10530/10600 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10285-10265 NF may fall towards 10200/10150-10100/10070-10030/9995 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24550 for a further rally towards 24650/24850-25050/25200-25300/25600 in the near term (under bullish case scenario).

On the flip side, sustaining below 24500-24350, BNF may fall towards 24150/24050-23950/23850-23600/23400 in the near term (under bear case scenario).


Technical View: SPX-500


Technically, SPX-500 now has to sustain over 2750 for 2770/2785-2805/2815-2835/2865; otherwise, sustaining below 2735, it may again come down towards 2715/2700-2685/2645-2620/2610 in the coming days.



SGX-NF


BNF


SPX-500

No comments:

Post a Comment