Market Mantra: Nifty, Bank Nifty and SPX-500 Future (28_03_18)

Market Mantra: 28/03/2018

SGX-NF: 10175 (09:00)

For the Day: updated: 13:05

March-Fut (Key Technical Levels)

Support for NF:

10120/10100-10070/10040-10000/9940-9900/9840

Resistance to NF:

10150/10175-10215/10270-10295/10350-10395/10425

Support for BNF:

24150/23950-23750/23600-23400/23150-22995/22700

Resistance to BNF:

24600/24825-24900/25150-25400/25550-25825/26050

Technical View (Positional):

Technically, Nifty Fut-March (NF) has to sustain over 10215 for a further rally towards 10250/10270-10295/10350-10395/10425-10465/10495 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10195-10175/10150 NF may fall towards 10120/10100-10070/10040-10000/9940-9900/9840 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24600 for a further rally towards 24825/24900-25150/25400-25550/25825 in the near term (under bullish case scenario).

On the flip side, sustaining below 24550-24350, BNF may fall towards 24150/23950-23750/23600-23400/23150 in the near term (under bear case scenario).

SPX-500: 2616 (LTP)

Support for SPX-500:

2610/2585-2565/2535-2525/2505-2480/2460

Resistance to SPX-500:

2630/2650-2670/2695-2720/2755-2775/2805

Technical View: SPX-500

Technically, SPX-500 now has to sustain over 2650 for 2670/2695-2720/2755-2775/2805; otherwise, sustaining below 2630, it may come down towards 2610/2585-2565/2535-2525/2505 and 2480/2460 in the coming days.

SGX-NF

BNF

SPX-500