NIFTY AND BANKNIFTY STRATEGY FOR 22-FEB-2018

#.  Nifty closed with slight positive note 10,397.45 UP +37.05 (0.36%) made a high of 10,426.10 and low 10,349.60 Overall market trend turn negative and nifty holding bearish pattern. .So today on upside first intra resistance is at 10418-23 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10423 and 10444 level On downside be alert below 10371 and avoid all longs below 10350 level as selling may intensify below that level .

#. As per the fund flow FII and PRO’s both have buy position.

Intraday NIFTY view:
Trend: Bear
We are neutral on NIFTY  but suggest you please book profit every level. Follow our calls.

NIFTY INTRADAY LEVEL
R4 10485 BULL
R3 10450 UP BREAKOUT
R2 10437 UP CAUTION
R1 10429 SELL
PIVOT 10391
S1 10366 BUY
S2 10358 DOWN CAUTION
S3 10345 DOWN BREAK OUT
S4 10310 BEAR

SGX Nifty
10,342.00 Down -60.00 -0.58%

FII Activity on nifty future:

Index Futures: + 626.85 Crores

Index Options: – 1413.91 Crores

Stock Futures: + 1239.35 Crores

Stock Options: + 50.73 Crores

NIFTY Future Levels to watch :

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10401 10376 10416 10445 10485
SSell 10366 10387 10358 10318 10290

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24948 24893 25022 25127 25256
SSell 24868 24918 24812 24683 24578

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