Market Mantra-Nifty & Bank Nifty

Market Mantra: 01/02/2018 (09:00)

SGX-NF: 11080 (+21)

For the Day: updated: 10:30

For 31/01/2018: Feb-Fut (Key Technical Levels)

Support for NF: 11020/10980*-10940/10890

Resistance for NF: 11125/11155-11195*/11255

Support for BNF: 27300/27100-26900/26600

Resistance for BNF: 27500/27650-27850/28075

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 11155 area for further rally towards 11195-11255 & 11285/11305-11350/11415 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 11125 area, NF may fall towards 11020/10980-10940/10890 & 10840-10795 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 27650 area for further rally towards 27750-27850 & 28075-28405 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 27600 area, BNF may fall towards 27450/27300-27100 & 26900-26600 area in the near term (under bear case scenario).

SGX-NF