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Nifty Set To Open Edged Up On Positive Global Cues And Dovish FOMC Minutes

By Asis GhoshMarket OverviewOct 12, 2017 12:20
in.investing.com/analysis/nifty-set-to-open-edged-up-on-positive-global-cues-and-dovish-fomc-minutes-200198026
Nifty Set To Open Edged Up On Positive Global Cues And Dovish FOMC Minutes
By Asis Ghosh   |  Oct 12, 2017 12:20
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Nifty Set To Open Edged Up On Positive Global Cues And Dovish FOMC Minutes Ahead Of Earnings Deluge & CPI Data

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


SGX-NF


SPX-500

Nifty Set To Open Edged Up On Positive Global Cues And Dovish FOMC Minutes
 

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Nifty Set To Open Edged Up On Positive Global Cues And Dovish FOMC Minutes

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