Tuesday, 3 April 2018

Market Mantra: Nifty, Bank Nifty and SPX-500 Future (03_04_18)

Market Mantra: 03/04/2018

SGX-NF: 10200 (09:00)

For the Day: updated: 12:55

April-Fut (Key Technical Levels)

Support for NF:

10180/10140-10090/10030-9985/9945-9900/9840

Resistance to NF:

10255/10300-10365/10395-10435/10465-10495/10535

Support for BNF:

24150/24040-23950/23850-23600/23400-23300/23150

Resistance to BNF:

24350/24550-24800/24900-25100/25300-25500/25800

Technical View (Positional):

Technically, Nifty Fut-March (NF) has to sustain over 10300 for a further rally towards 10365-10395/10435-10465/10495-10535 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10275-10255/10225 NF may fall towards 10180-10140/10090-10030/9985-9945/9900 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24550 for a further rally towards 24875/25150-25400/25550-25825/26050 in the near term (under bullish case scenario).

On the flip side, sustaining below 24500, BNF may fall towards 24350/24150-24040/23950-23850/23600-23400/23300 in the near term (under bear case scenario).

SPX-500: 2588 (LTP)

Support for SPX-500:

2570/2550-2540/2525-2505/2480-2450/2425

Resistance to SPX-500:

2595/2615-2640/2665-2685/2700-2730/2755

Technical View: SPX-500

Technically, SPX-500 now has to sustain over 2615 for 2640/2665-2685/2700-2730/2755; otherwise, sustaining below 2595, it may come down towards 2570/2550-2540/2525-2505/2480-2450/2425 in the coming days.


SGX-NF


BNF


SPX-500

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