Monday, 26 March 2018

Market Mantra: Nifty, Bank Nifty and SPX-500 Future (26_03_18)

Market Mantra: 26/03/2018

SGX-NF: 10015 (09:00)

For the Day: updated: 10:00

March-Fut (Key Technical Levels)

Support for NF:

9950/9920-9865/9815-9760/9705-9680/9585

Resistance to NF:

10055/10110-10150/10210-10250/10300-10350/10400

Support for BNF:

23600/23400-23150/22995-22700/22500-22250/22000

Resistance to BNF:

23900/24200-24400/24600-24900/25150-25250/25550


Technical View (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10110 for a further rally towards 10150/10210-10250/10300-10350/10400 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10090-10055 NF may fall towards 10000/9950-9920/9865-9815/9760-9705/9680 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 23900-24050 for a further rally towards 24200/24400-24600/24900-25150/25250 in the near term (under bullish case scenario).

On the flip side, sustaining below 23850-23800, BNF may fall towards 23600/23400-23150/22995-22700/22500 in the near term (under bear case scenario).

SPX-500: 2595 (LTP)

Support for SPX-500:

2580/2565-2545/2525-2490/2460-2415/2370

Resistance to SPX-500:

2630/2650-2665/2685-2700/2735-2760/2795

Technical View: SPX-500


Technically, SPX-500 now has to sustain over 2685 for 2700/2735-2760/2795; otherwise, sustaining below 2665, it may again come down towards 2650/2630-2580/2565-2545/2525-2490/2460 in the coming days.



SGX-NF


BNF


SPX-500

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