Market Mantra: 12/10/2017 (09:00)
SGX-NF: 10020 (+38)
For the Day:
Key support for NF: 9990-9945/9925
Key resistance for NF: 10040-10065/10085
Key support for BNF: 24000-23750
Key resistance for BNF: 24250-24550
Hints for positional trading:
Technicals indicate that, NF has to sustain over 10065-85 area for further rally towards 10125-10165 & 10205-10275 area in the short term (under bullish case scenario).
On the flip side, sustaining below 10045 area, NF may fall towards 9990 -9950 & 9900-9840 area in the short term (under bear case scenario).
Similarly, BNF has to sustain over 24250 area for further rally towards 24400-24550 & 24650- 24800 area in the near term (under bullish case scenario).
On the flip side, sustaining below 24200 area, BNF may fall towards 24000-23750 & 23600-23400 area in the near term (under bear case scenario).
As par early SGX indication, Nifty Fut (Oct) may open around 10020, edged up by almost 38 points
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