Market Mantra: Nifty And Bank Nifty Fut (23_02_18)

Market Mantra: 23/02/2018 (09:00)

SGX-NF: 10395 (+11 points)

For the Day: updated: 11:15

March-Fut (Key Technical Levels)

Support for NF: 10340/10290-10245*/10195

Resistance for NF: 10435/10495-10515*/10585

Support for BNF: 24800/24650*-24450/24200

Resistance for BNF: 25000/25200-25350/25500

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10455 area for a further rally towards 10495-10515/10585 and 10625/10650-10725 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10435 area, NF may fall towards 10390/10340-10290 and 10245-10195 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25200 area for a further rally towards 25350-25500 and 25775-25975 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 25150-25000 area, BNF may fall towards 24800-24650 and 24450-24200 area in the near term (under bear case scenario).

SGX-NF

BNF

 SPX-500