Nifty May Consolidate On The Last Trading Day Of 2017 Amid Mixed Global Cues & Fiscal Worries,
But Set For Around 28% Gain For The Eventful Year With Lots Of Volatility
Market Mantra: 29/12/2017 (09:00)
SGX-NF: 10500 (-12)
For the Day: updated: 14:20
For 29/12/2017: Jan-Fut
Key support for NF: 10470/10430-10400/10350
Key resistance for NF: 10555/10575-10610/10650
Key support for BNF: 25400/25200-24950/24800
Key resistance for BNF: 25600/25775-25875/26050
Trading Idea (Positional):
Technically, Nifty Fut-Dec (NF)/NS has to sustain over 10575 area for further rally towards 10610/10650-10695 & 10745-10795 zone in the short term (under bullish case scenario).
On the flip side, sustaining below 10555 area, NF may fall towards 10470/10430-10400/10350 & 10285-10190 zone in the short term (under bear case scenario).
Technically, Bank Nifty-Fut (BNF) has to sustain over 25775 area for further rally towards 25875- 26050 & 26200-26325 zone in the near term (under bullish case scenario).
On the flip side, sustaining below 25725-25600 area, BNF may fall towards 25400/25200-24950 & 24800-24575 area in the near term (under bear case scenario).
Indian market (Nifty Fut-Jan/India-50) is now trading around 10535, edged up by almost 0.18% on mixed Global/Asian cues & domestic fiscal worries
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