Market Mantra (Nifty Fut/Bank Nifty Fut/USDINR/SPX-500): 31/08/2018

China’s Trump trade war and other fragile EM pain may be India’s gain--

Updated: 08:45

Nifty-SGX-NF: 11710 (-30; -0.26%)                

Bank Nifty-BNF: 28140 (-85; -0.30%)

SPX-500: 2900 (-2; -0.06%)

Fut-I (Key Technical Levels)

Support for NF:

11685/11660*-11630/11600-11570/11530-11500/11460

Resistance to NF:

11735/11775*-11800/11820-11850/11900-11935/11970

Support for BNF:

28100/28000*-27825/27750-27650/27350-27200/27000

Resistance to BNF:

28350/28450*-28550/28685-28800/29050-29115/29415

Support for USDINR-I:

69.35/69.15*-68.95/68.50-68.15/67.65-67.40/67.00

Resistance to USDINR-I:

69.90/70.35*-70.55/71.00-71.30/71.50-71.75/72.05

Support for SPX-500:

2880*/2860-2845/2830-2810/2800-2790/2770

Resistance to SPX-500:

2910/2925*-2940/2960-2990/3010-3035/3070

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

Technically, Nifty Fut-I (NF) has to sustain over 11820 for a further rally to 11850/11900-11935/11970-12070/12175 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11800-11775/11735 NF may fall to 11685/11660-11630/11600-11570/11530 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 28350 for a further rally to 28450/28550-28685/28800-29050/29115 in the near term (under bullish case scenario).

On the flip side, sustaining below 28300 BNF may fall to 28100/28000-27825/27750-27650/27350 in the near term (under bear case scenario).

Technically, USDINR-I has to sustain over 69.35 for a further rally to 69.90/70.35-70.55/71.00-71.30/71.50 in the near term (under bullish case scenario).

On the flip side, sustaining below 69.15, USDINR-I may fall to 68.95/68.50-68.15/67.65-67.40/67.00 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2925 for a further rally to 2940/2960-2990/3010-3035/3070 in the near term (under bullish case scenario).

On the flip side, sustaining below 2915-2905 SPX-500 may fall to 2880/2860-2845/2830-2810/2800 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11677; Q4FY18 EPS: 402; Q4FY18 PE: 29.05; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 28103; Q4FY18 EPS: 519; Q4FY18 PE: 54.15; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2901; TTM Q4-2017 EPS: 111; TTM PE: 26.14

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Market Mantra (Nifty Fut/Bank Nifty Fut/USDINR/SPX-500): 30/08/2018

Updated: 10:05

Nifty-SGX-NF: 11665 (-42; -0.36%)                

Bank Nifty-BNF: 28024 (-227; -0.81%)

SPX-500: 2913 (-2; -0.07%)

Fut-I (Key Technical Levels)

Support for NF:

11650/11595*-11570/11535-11500/11440-11380/11350

Resistance to NF:

11705/11735*-11775/11790-11815/11845-11900/11970

Support for BNF:

28000/27825*-27640/27400-27250/27100-26750/26550

Resistance to BNF:

28150/28350*-28450/28550-28685/28800-29050/29115

Support for USDINR-I:

69.35/69.15*-68.95/68.50-68.15/67.65-67.40/67.00

Resistance to USDINR-I:

69.90/70.35*-70.55/71.00-71.30/71.50-71.75/72.05

Support for SPX-500:

2880*/2860-2845/2830-2810/2800-2790/2770

Resistance to SPX-500:

2910/2925*-2940/2960-2990/3010-3035/3070

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

Technically, Nifty Fut-I (NF) has to sustain over 11735 for a further rally to 11775/11790-11815/11845-11900/11970 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11715 NF may fall to 11650/11595-11570/11535-11500/11440 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 28150 for a further rally to 28350/28450-28550/28685-28800/29050 in the near term (under bullish case scenario).

On the flip side, sustaining below 28100 BNF may fall to 28000/27825-27640/27400-27250/27100 in the near term (under bear case scenario).

Technically, USDINR-I has to sustain over 69.35 for a further rally to 69.90/70.35-70.55/71.00-71.30/71.50 in the near term (under bullish case scenario).

On the flip side, sustaining below 69.15, USDINR-I may fall to 68.95/68.50-68.15/67.65-67.40/67.00 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2925 for a further rally to 2940/2960-2990/3010-3035/3070 in the near term (under bullish case scenario).

On the flip side, sustaining below 2915-2905 SPX-500 may fall to 2880/2860-2845/2830-2810/2800 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11670; Q4FY18 EPS: 402; Q4FY18 PE: 29.03; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 28055; Q4FY18 EPS: 519; Q4FY18 PE: 54.05; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2914; TTM Q4-2017 EPS: 111; TTM PE: 26.25

Nifty slid in late hours trading Wednesday on higher USDINR and concern of fiscal discipline: 

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NIFTY-SGX-NF

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USDJPY

GBPUSD

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Market Mantra (Nifty Fut/Bank Nifty Fut/USDINR/SPX-500): 29/08/2018

Updated: 09.25

Nifty-SGX-NF: 11754 (+2; +0.02%)                

Bank Nifty-BNF: 28333 (+18; +0.08%)

SPX-500: 2904 (+5; +0.17%)

Fut-I (Key Technical Levels)

Support for NF:

11730/11705*-11670/11625-11600/11560-11540/11500

Resistance to NF:

11775/11790*-11815/11845-11900/11970-12175/12305

Support for BNF:

28300/28100*-28000/27825-27640/27400-27250/27100

Resistance to BNF:

28450*/28525-28685/28800-29050/29115-29275/29415

Support for USDINR-I:

69.35/69.15*-68.95/68.50-68.15/67.65-67.40/67.00

Resistance to USDINR-I:

69.90/70.35*-70.55/71.00-71.30/71.50-71.75/72.05

Support for SPX-500:

2880*/2860-2845/2830-2810/2800-2790/2770

Resistance to SPX-500:

2910*/2925-2940/2960-2990/3010-3035/3070

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

Technically, Nifty Fut-I (NF) has to sustain over 11790 for a further rally to 11815/11845-11900/11970-12175/12305 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11775 NF may fall to 11730/11705-11670/11625-11600/11560 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 28450 for a further rally to 28525/28685-28800/29050-29115/29275 in the near term (under bullish case scenario).

On the flip side, sustaining below 28400-28300 BNF may fall to 28100-28000/27825-27640/27400-27250/27100 in the near term (under bear case scenario).

Technically, USDINR-I has to sustain over 69.35 for a further rally to 69.90/70.35-70.55/71.00-71.30/71.50 in the near term (under bullish case scenario).

On the flip side, sustaining below 69.15, USDINR-I may fall to 68.95/68.50-68.15/67.65-67.40/67.00 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2910 for a further rally to 2925/2940-2960/2990-3010/3035 in the near term (under bullish case scenario).

On the flip side, sustaining below 2900 SPX-500 may fall to 2880/2860-2845/2830-2810/2800 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11740; Q4FY18 EPS: 402; Q4FY18 PE: 29.20; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 28278; Q4FY18 EPS: 519; Q4FY18 PE: 54.45; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2898; TTM Q4-2017 EPS: 111; TTM PE: 26.11

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NIFTY-SGX-NF

BANK NIFTY-BNF

SPX-500

USDJPY

EURUSD

GBPUSD

Market Mantra (Nifty Fut/Bank Nifty Fut/USDINR/SPX-500): 27/08/2018

Nifty-SGX-NF: 11685 (+113; +1.00%)             

Bank Nifty-BNF: 28275 (+370; +1.35%)

SPX-500: 2883 (+6; +0.21%)

Fut-I (Key Technical Levels)

Support for NF:

11655/11600-11580*/11520-11500/11445-11405/11345

Resistance to NF:

11685/11705-11735/11755-11790/11825-11900/11970

Support for BNF:

28100/28000*-27825/27640-27400/27250-27100/27000

Resistance to BNF:

28300/28450*-28525/28685-28800/29050-29115/29275

Support for USDINR-I:

69.35/69.15*-68.95/68.50-68.15/67.65-67.40/67.00

Resistance to USDINR-I:

69.90/70.35*-70.55/71.00-71.30/71.50-71.75/72.05

Support for SPX-500:

2860/2840*-2830/2810-2800/2790-2770/2735

Resistance to SPX-500:

2880/2890*-2905/2925-2960/3010-3035/3070

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

Technically, Nifty Fut-I (NF) has to sustain over 11705 for a further rally to 11735/11755-11790/11825-11900/11970 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11685 NF may fall to 11655/11600-11580/11520-11500/11445 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 28450 for a further rally to 28525/28685-28800/29050-29115/29275 in the near term (under bullish case scenario).

On the flip side, sustaining below 28400 BNF may fall to 28300/28100-28000/27825-27640/27400 in the near term (under bear case scenario).

Technically, USDINR-I has to sustain over 69.35 for a further rally to 69.90/70.35-70.55/71.00-71.30/71.50 in the near term (under bullish case scenario).

On the flip side, sustaining below 69.15, USDINR-I may fall to 68.95/68.50-68.15/67.65-67.40/67.00 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2890 for a further rally to 2905/2925-2960/3010-3035/3070 in the near term (under bullish case scenario).

On the flip side, sustaining below 2880 SPX-500 may fall to 2860/2840-2830/2810-2800/2790 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11571; Q4FY18 EPS: 402; Q4FY18 PE: 28.78; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 28258; Q4FY18 EPS: 519; Q4FY18 PE: 54.45; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2862; TTM Q4-2017 EPS: 111; TTM PE: 25.78

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