Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 04/06/2018

Updated: 09:15

SGX-NF: 10730 (+48; +0.45%)

Expected BNF opening: 26890 (+221; +0.85%)

SPX-500: 2737 (+3; +0.12%)

Fut-I (Key Technical Levels)

Support for NF:

10715*/10680-106225/10595-10570/10550-10500/10450

Resistance to NF:

10755/10775-10800*/10855-10875/10935-10955/10995

Support for BNF:

26800/26600-26400/26150-26000/25850-25550/25400

Resistance to BNF:

26950/27050-27150/27250-27500/27650-27975/28050

Support for SPX-500:

2705*/2690-2670/2650-2625/2610

Resistance to SPX-500:

2745/2760-2775/2890-2810/2835

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

Technically, Nifty Fut-I (NF) has to sustain over 10775 for a further rally to 10800/10855-10875/10935-10955/10995 in the near term (under bullish case scenario). 

On the flip side, sustaining below 10755 NF may fall to 10715/10680-10625/10595-10570/10550 in the near term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 27050 for a further rally to 27150/27250-27500/27650-27975/28050 in the near term (under bullish case scenario).

On the flip side, sustaining below 27000-26950 BNF may fall to 26800/26600-26400/26150-26000/25850 in the near term (under bear case scenario).

Technically, SPX-500 now has to sustain over 2760 for a further rally to 2775/2890-2810/2835 in the near term (under bullish case scenario).

On the flip side, sustaining below 2745-2735 SPX-500 may fall to 2705/2690-2670/2650 in the near term (under bear case scenario).

GLOBAL MARKET ANALYSIS:

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NIFTY-SGX-NF

BANK NIFTY-BNF

SPX-500

GBPUSD