NIFTY AND BANKNIFTY STRATEGY FOR 23-FEB-2018

#.  Nifty was on a bear trend and closed at 10382 level .So today on upside first intra resistance is at 10414-19 level.Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10419 and 10444 level On downside be alert below 10346 and avoid all longs below 10320 level as selling may intensify below that level .

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

NIFTY Index INTRADAY LEVEL
R4 10450 BULL
R3 10424 UP BREAKOUT
R2 10415 UP CAUTION
R1 10409 SELL
PIVOT 10374  
S1 10357 BUY
S2 10351 DOWN CAUTION
S3 10341 DOWN BREAK OUT
S4 10315 BEAR

SGX Nifty
10,402.00 UP+16.50 +0.16%

FII Activity on nifty future:

Index Futures: – 1746.11 Crores

Index Options: + 2084.11 Crores

Stock Futures: + 1687.14 Crores

Stock Options: + 280.11 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10390 10364 10403 10430 10469
SSell 10354 10374 10348 10309 10282

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24955 24869 24999 25074 25203
SSell 24845 24894 24819 24690 24615

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