Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 24/07/2018

Updated: 09:30

SGX-NF: 11130 (+35; +0.31%)

Expected BNF opening: 27160 (+95; +0.35%)

SPX-500: 2818 (+6; +0.22%)

Fut-I (Key Technical Levels)

Support for NF:

11095/11060*-11000/10980-10915/10880-10855/10825

Resistance to NF:

11150/11190*-11230/11275-11305/11355-11385/11415

Support for BNF:

27200/27050*-26900/26750-26600/26350-26100/26000

Resistance to BNF:

27250*/27455-27675/27785-27935/28150-28300/28450

Support for SPX-500:

2805/2790*-2765/2750-2730/2705-2685/2670

Resistance to SPX-500:

2820/2835*-2855/2880-2905/2925-2960/3010

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

Technically, Nifty Fut-I (NF) has to sustain over 11150 for a further rally to 11190/11230-11275/11305-11355/11385 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11130-11115/11095 NF may fall to 11060/11000-10980/10915-10880/10855 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 27250 for a further rally to 27455/27675-27785/27935-28150/28300 in the near term (under bullish case scenario).

On the flip side, sustaining below 27200 BNF may fall to 27050/26900-26750/26600-26350/26100 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2835 for a further rally to 2855/2880-2905/2925-2960/3010 in the near term (under bullish case scenario).

On the flip side, sustaining below 2820 SPX-500 may fall to 2805/2790-2765/2750-2730/2705 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11085; Q4FY18 EPS: 402; Q4FY18 PE: 27.57; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 27008; Q4FY18 EPS: 519; Q4FY18 PE: 52.04; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2807; TTM Q4-2017 EPS: 111; TTM PE: 25.29

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NIFTY-SGX-NF

BANK NIFTY=BNF

SPX-500

EURUSD

Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 23/07/2018

Updated: 09:30

SGX-NF: 11050 (+20; +0.18%)

Expected BNF opening: 26985 (+55; +0.20%)

SPX-500: 2796 (-4; -0.16%)

Fut-I (Key Technical Levels)

Support for NF:

10990/10950*-10915/10880-10855/10825-10750/10710

Resistance to NF:

11095/11115*-11150/11190-11230/11275-11305/11355

Support for BNF:

26900/26750*-26550/26400-26300/26100-26000/25800

Resistance to BNF:

27050/27150*-27250/27455-27675/27785-27935/28100

Support for SPX-500:

2805/2790*-2765/2750-2730/2705-2685/2670

Resistance to SPX-500:

2820/2835*-2855/2880-2905/2925-2960/3010

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

Technically, Nifty Fut-I (NF) has to sustain over 11115 for a further rally to 11150/11190-11230/11275-11305/11355 in the near term (under bullish case scenario). 

On the flip side, sustaining below 111095-11065 NF may fall to 10990/10950-10915/10880-10855/10825 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 27150 for a further rally to 27250/27455-27675/27785-27935/28100 in the near term (under bullish case scenario).

On the flip side, sustaining below 27100-27050 BNF may fall to 26900/26750-26550/26400-26300/26100 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2835 for a further rally to 2855/2880-2905/2925-2960/3010 in the near term (under bullish case scenario).

On the flip side, sustaining below 2820 SPX-500 may fall to 2805/2790-2765/2750-2730/2705 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11010; Q4FY18 EPS: 402; Q4FY18 PE: 27.39; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 26875; Q4FY18 EPS: 519; Q4FY18 PE: 51.78; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2802; TTM Q4-2017 EPS: 111; TTM PE: 25.26

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NIFTY-SGX-NF

BANK NIFTY-BNF

SPX-500

GBPUSD

USDJPY

 CRUDE OIL-WTI

Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 20/07/2018

Updated: 08:30

SGX-NF: 10960 (-23; -0.21%)

Expected BNF opening: 26785 (-67; -0.25%)

SPX-500: 2799 (-6; -0.22%)

Fut-I (Key Technical Levels)

Support for NF:

10930/10915*-10865/10835-10810/10750-10710/10660

Resistance to NF:

11010/11050*-11085/11115-11150/11190-11230/11275

Support for BNF:

26750*/26550-26400/26300-26100/26000-25800/25550

Resistance to BNF:

26950/27050*-27150/27250-27455/27675-27785/27935

Support for SPX-500:

2805/2790*-2765/2750-2730/2705-2685/2670

Resistance to SPX-500:

2820/2835*-2855/2880-2905/2925-2960/3010

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

Technically, Nifty Fut-I (NF) has to sustain over 11010 for a further rally to 11050/11085-11115/11150-11190/11230 in the near term (under bullish case scenario). 

On the flip side, sustaining below 10990 NF may fall to 10930/10915-10865/10835-10810/10750 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 27050 for a further rally to 27150/27250-27455/27675-27785/27935 in the near term (under bullish case scenario).

On the flip side, sustaining below 27000-26950 BNF may fall to 26750/26550-26400/26300-26100/26000 in the near term (under bear case scenario).

Technically, SPX-500 has to sustain over 2835 for a further rally to 2855/2880-2905/2925-2960/3010 in the near term (under bullish case scenario).

On the flip side, sustaining below 2820 SPX-500 may fall to 2805/2790-2765/2750-2730/2705 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 10957; Q4FY18 EPS: 402; Q4FY18 PE: 27.26; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 26790; Q4FY18 EPS: 519; Q4FY18 PE: 51.62; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2804; TTM Q4-2017 EPS: 111; TTM PE: 25.26

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NIFTY-SGX-NF

BANK NIFTY-BNF

SPX-500

USDJPY

Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 19/07/2018

Updated: 08:30

SGX-NF: 11005 (+19; +0.17%)

Expected BNF opening: 27020 (+54; +0.20%)

SPX-500: 2816 (-0.50; -0.02%)

Fut-I (Key Technical Levels)

Support for NF:

10990/10950*-10920/10865-10810/10770-10740/10710

Resistance to NF:

11050/11085*-11115/11150-11190/11230-11275/11305

Support for BNF:

26900/26750*-26550/26400-26300/26100-26000/25800

Resistance to BNF:

27150/27250*-27455/27675-27785/27935-28150/28300

Support for SPX-500:

2805/2790*-2765/2750-2730/2705-2685/2670

Resistance to SPX-500:

2820/2835*-2855/2880-2905/2925-2960/3010

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

Technically, Nifty Fut-I (NF) has to sustain over 11050 for a further rally to 11085/11115-11150/11190-11230/11275 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11030 NF may fall to 10990/10950-10920/10865-10810/10770 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 27150 for a further rally to 27250/27455-27675/27785-27935/28150 in the near term (under bullish case scenario).

On the flip side, sustaining below 27100-27050 BNF may fall to 26900/26750-26550/26400-26300/26100 in the near term (under bear case scenario).

Technically, SPX-500 now has to sustain over 2835 for a further rally to 2855/2880-2905/2925-2960/3010 in the near term (under bullish case scenario).

On the flip side, sustaining below 2820 SPX-500 may fall to 2805/2790-2765/2750-2730/2705 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 10980; Q4FY18 EPS: 402; Q4FY18 PE: 27.31; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 26881; Q4FY18 EPS: 519; Q4FY18 PE: 51.79; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2816; TTM Q4-2017 EPS: 111; TTM PE: 25.37

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NIFTY-SGX-NF

BANK NIFTY-BNF

CRUDE OIL-WTI

USDJPY

Market Mantra (Nifty Fut/Bank Nifty Fut/SPX-500): 18/07/2018

Updated: 08:30

SGX-NF: 11060 (+32; +0.29%)

Expected BNF opening: 27145 (+81; +0.30%)

SPX-500: 2814 (+3; +0.11%)

Fut-I (Key Technical Levels)

Support for NF:

11040/11000*-10975/10940-10920/10870-10820/10780

Resistance to NF:

11095/11115*-11150/11190-11230/11275-11305/11355

Support for BNF:

27175/27050*-26900/26800-26650/26500-26400/26250

Resistance to BNF:

27225*/27455-27675/27785-27935/28150-28300/28450

Support for SPX-500:

2805/2790*-2765/2750-2730/2705-2685/2670

Resistance to SPX-500:

2820/2835*-2855/2880-2905/2925-2960/3010

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

Technically, Nifty Fut-I (NF) has to sustain over 11115 for a further rally to 11150/11190-11230/11275-11305/11355 in the near term (under bullish case scenario). 

On the flip side, sustaining below 11095 NF may fall to 11040/11000-10975/10940-10920/10870 in the near term (under bear case scenario).

Technically, Bank Nifty Fut-I (BNF) has to sustain over 27225 for a further rally to 27455/27675-27785/27935-28150/28300 in the near term (under bullish case scenario).

On the flip side, sustaining below 27175 BNF may fall to 27050/26900-26800/26650-26500/26400 in the near term (under bear case scenario).

Technically, SPX-500 now has to sustain over 2835 for a further rally to 2855/2880-2905/2925-2960/3010 in the near term (under bullish case scenario).

On the flip side, sustaining below 2820 SPX-500 may fall to 2805/2790-2765/2750-2730/2705 in the near term (under bear case scenario).

Valuation metrics:

Nifty-50: 11028; Q4FY18 EPS: 402; Q4FY18 PE: 27.43; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500

Bank Nifty: 27008; Q4FY18 EPS: 519; Q4FY18 PE: 52.04; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220

SPX-500: 2810; TTM Q4-2017 EPS: 111; TTM PE: 25.32

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NIFTY-SGX-NF

BANK NIFTY-BNF

SPX-500

USDJPY