Market Mantra: Nifty, Bank Nifty and SPX-500 Future (02_04_18)

Market Mantra: 02/04/2018

SGX-NF: 10215 (09:00)

For the Day: updated: 12:95

April-Fut (Key Technical Levels)

Support for NF:

10185/10145-10095/10030-9985/9945-9900/9840

Resistance to NF:

10255/10275-10300/10350-10395/10425-10465/10495

Support for BNF:

24450/24250-24150/24040-23950/23850-23600/23400

Resistance to BNF:

24600/24875-25150/25400-25550/25825-26050/26255

Technical View (Positional):

Technically, Nifty Fut-March (NF) has to sustain over 10215 for a further rally towards 10250/10270-10295/10350-10395/10425-10465/10495 in the short term (under bullish case scenario). 

On the flip side, sustaining below 10195-10175/10150 NF may fall towards 10120/10100-10070/10040-10000/9940-9900/9840 in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 24600 for a further rally towards 24825/24900-25150/25400-25550/25825 in the near term (under bullish case scenario).

On the flip side, sustaining below 24550-24450, BNF may fall towards 24150/23950-23750/23600-23400/23150 in the near term (under bear case scenario).

SPX-500: 2635 (LTP)

Support for SPX-500:

2625/2605-2585/2565-2535/2525-2505/2480

Resistance to SPX-500:

2650/2675-2695/2725-2755/2775-2795/2805

Technical View: SPX-500

Technically, SPX-500 now has to sustain over 2650 for 2675/2695-2725/2755-2775/2805; otherwise, sustaining below 2640-2625, it may come down towards 2605/2585-2565/2535-2525/2505 and 2480/2460 in the coming days.

SGX-NF

BNF

SPX-500