SGX-NF: 11475 (-10; -0.09%)
Expected BNF opening: 28315 (-30; -0.10%)
SPX-500: 2850 (-4; -0.13%)
Fut-I (Key Technical Levels)
Support for NF:
Resistance to NF:
Support for BNF:
Resistance to BNF:
Support for SPX-500:
Resistance to SPX-500:
Technical View (Nifty, Bank Nifty, SPX-500):
Technically, Nifty Fut-I (NF) has to sustain over 11510 for a further rally to 11550/11585-11605/11665-11695/11725 in the near term (under bullish case scenario).
On the flip side, sustaining below 11495-11475 NF may fall to 11445/11415-11380/11350-11315/11285 in the near term (under bear case scenario).
Technically, Bank Nifty Fut-I (BNF) has to sustain over 28450 for a further rally to 28525/28685-28800/29100-29215/29415 in the near term (under bullish case scenario).
On the flip side, sustaining below 28400 BNF may fall to 28300/28150-28050/27900-27825/27700 in the near term (under bear case scenario).
Technically, SPX-500 has to sustain over 2865 for a further rally to 2880/2905-2925/2960-3010/3035 in the near term (under bullish case scenario).
On the flip side, sustaining below 2850 SPX-500 may fall to2830/2815-2790/2760-2740/2710 in the near term (under bear case scenario).
Nifty-50: 11471; Q4FY18 EPS: 402; Q4FY18 PE: 28.53; Avg FWD PE: 20; Proj FY-19 EPS: 425; Proj Fair Value: 8500
Bank Nifty: 28320; Q4FY18 EPS: 519; Q4FY18 PE: 54.57; Avg FWD PE: 20; Proj FY-19 EPS: 961; Proj Fair Value: 19220
SPX-500: 2854; TTM Q4-2017 EPS: 111; TTM PE: 25.71
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