Market Mantra: Nifty And Bank Nifty Future (20_02_18)

Market Mantra: 20/02/2018 (09:00)

SGX-NF: 10360 (-15)

For the Day: updated: 10:40

Feb-Fut (Key Technical Levels)

Support for NF: 10300/10245*-10160/10070

Resistance for NF: 10395/10450*-10495/10535

Support for BNF: 25000/24800* & 24625/24425

Resistance for BNF: 25350/25500-25625*/25875

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10450 area for a further rally towards 10495-10535 & 10585-10650 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10425 area, NF may fall towards 10300-10245 & 10160-10070 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25350 area for a further rally towards 25500-25625 & 25875-26075 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 25300 area, BNF may fall towards 25000-24800 & 24625-24425 area in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500