Thursday 8 February 2018

Market Mantra/Nifty & Bank Nifty Fut (08/02/2018)

Market Mantra: 08/02/2018 (09:00)

SGX-NF: 10510 (+59)

For the Day: updated: 10:50

Feb-Fut (Key Technical Levels)

Support for NF: 10480/10430-10380/10295

Resistance for NF: 10615/10640-10685/10735

Support for BNF: 25700/25500-25400/25200

Resistance for BNF: 26000/26200-26400/26600


Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10640 area for further rally towards 10685-10735 & 10775-10825-10865 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10615 area, NF may fall towards 10530/10480-10430/10410 & 10380-10280 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 26200 area for further rally towards 226400-26600 & 26800-27050 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 26150 area, BNF may fall towards 26000-25700/25500 & 25400-25200 area in the near term (under bear case scenario).



SGX-NF


BNF


SPX-500


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