Updated: 08:55
SGX-NF: 10650 (+4; +0.03%)
Expected BNF opening: 26250 (+10; +0.05%)
SPX-500: 2726 (-2; -0.08%)
Fut-I (Key Technical Levels)
Support for NF:
10680/10625-10565*/10525-10490/10440-10405/10385
Resistance to NF:
10700/10735-10755*/10795-10825/10880-10905/10955
Support for BNF:
26300/26200-26050*/25900-25700/25550-25400/25100
Resistance to BNF:
26575/26650-26850*/26950-27050/27150-27250/27500
Support for SPX-500:
2710/2700-2690*/2670-2635/2605-2590/2575
Resistance to SPX-500:
2750*/2770-2795/2810-2835/2855-2880/2905
Technical
View (Nifty, Bank Nifty, SPX-500):
Technically, Nifty Fut-I (NF) has to sustain over 10700 for a
further rally to 10735/10755-10795/10825-10880-10905 in the near term (under
bullish case scenario).
On the flip side, sustaining below 10680 NF may fall to 10625/10565-10525/10490-10440/10405
in the near term (under bear case scenario).
Technically, Bank Nifty Fut-I (BNF) has to sustain over 26575 for a
further rally to 26650/26850-26950/27050-27150/27250 in the near term (under bullish case
scenario).
On the flip side, sustaining below 26525-26475 BNF may fall to 26300/26200-26050/25900-25700/25550
in the near term (under bear case scenario).
Technically, SPX-500 now has to sustain over 2750 for a further rally to 2770/2795-2810/2835-2855/2880
in the near term (under bullish case
scenario).
On the flip side, sustaining below 2740 SPX-500 may fall to 2710/2700-2690/2670-2635/2605
in the near term (under bear case
scenario).
Valuation metrics:
Nifty-50: 10657; Q4FY18 EPS: 395; Q4FY18 PE: 26.98;
Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500
Bank Nifty: 26364; Q4FY18 EPS: 766; Q3FY18 PE: 34.24;
Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220
SPX-500: 2727; TTM Q4-2017 EPS: 111; TTM PE: 24.57
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NIFTY-SGX-NF
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