Market Mantra: 12/01/2018 (09:00)
SGX-NF: 10700 (-5)
For the Day: updated: 14:35
For 11/01/2018: Jan-Fut
Key support for NF: 10695/10640-10590/10560
Key resistance for NF: 10750/10775-10815/10850
Key support for BNF: 25600/25500-25325/25200
Key resistance for BNF: 25775/25875-26000/26200
Trading Idea (Positional):
Technically, Nifty Fut-Jan (NF) has to sustain over 10775 area for further rally towards 10815/10860- 10955 & 11095-11155 zone in the short term (under bullish case scenario).
On the flip side, sustaining below 10750 area, NF may fall towards 10695/10640-10590/10560 & 10515/10450-10415/10360 zone in the short term (under bear case scenario).
Technically, Bank Nifty-Fut (BNF) has to sustain over 25875 area for further rally towards 26000/26100-262000/26250 & 26325-26615 zone in the near term (under bullish case scenario).
On the flip side, sustaining below 25825 area, BNF may fall towards 25600/25500-25325/25200 & 25000-24850 area in the near term (under bear case scenario).
Indian market (Nifty Fut-Jan/India-50) is now trading around 10650, almost flat after plunging to session low of 10602 so far from the opening minutes high of 10694 amid sudden crisis in India’s top judiciary (SC)--(plsore more follow the links for more)
Global cues are mixed today amid higher EUR & lower USD.
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