Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 21/06/2018

Updated: 08:45

SGX-NF: 10785 (-3; -0.02%)

Expected BNF opening: 26600 (-13; -0.05%)

SPX-500: 2782 (+10; +0.35%)

Fut-I (Key Technical Levels)

Support for NF:

10740/10715-10690*/10670-10635/10605-10560/10530

Resistance to NF:

10805/10825-10855/10880*-10900/10955-11000/11090

Support for BNF:

26500/26300-26200*/25900-25750/25550-25300/25150

Resistance to BNF:

26675/26850-26950/27050-27150/27250-27500/27675

Support for SPX-500:

2770/2760-2745*/2730-2710/2700-2690/2675

Resistance to SPX-500:

2795/2810*-2835/2855-2880/2905-2925/2950

Technical View (Nifty, Bank Nifty, SPX-500):

Technically, Nifty Fut-I (NF) has to sustain over 10825 for a further rally to 10855/10880-10900/10955-11000/11090 in the near term (under bullish case scenario). 

On the flip side, sustaining below 10805 NF may fall to 10740/10715-10690/10670-10635/10605 in the near term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 26675 for a further rally to 26850/26950-27050/27150-27250/27500 in the near term (under bullish case scenario).

On the flip side, sustaining below 26625 BNF may fall to 26500/26300-26200/25900-25750/25550 in the near term (under bear case scenario).

Technically, SPX-500 now has to sustain over 2810 for a further rally to 2835/2855-2880/2905-2925/2950 in the near term (under bullish case scenario).

On the flip side, sustaining below 2795 SPX-500 may fall to 2770/2760-2745/2730-2710/2700 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 10772; Q4FY18 EPS: 395; Q4FY18 PE: 27.27; Avg FWD PE: 20; Proj FY-19 EPS: 418; Proj Fair Value: 8360

Bank Nifty: 26558; Q4FY18 EPS: 766; Q3FY18 PE: 34.67; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2767; TTM Q4-2017 EPS: 111; TTM PE: 24.93

GLOBAL MARKET UPDATE: IFOrex.in/news

FOLLOW ME: TWITTER.com/ASISIIFL

NIFTY-SGX-NF

BANK NIFTY-BNF

SPX-500

EURUSD