NIFTY AND BANKNIFTY STRATEGY FOR 27-FEB-2018

#.  Nifty closed with  positive note 10,582.60 +91.55 (0.87%) made a high of 10,592.95 and low 10,520.20. Overall market trend turn negative and nifty holding bullish pattern. So today on upside first intra resistance is at 10610-15 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10615 and 10643 level On downside be alert below 10550 and avoid all longs below 10520 level as selling may intensify below that level .

#. As per the fund flow FII and PRO’s both have mixed view position. So it will be a trading day and we may see volatility.

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

NIFTY Index INTRADAY LEVEL
R4 10696 BULL
R3 10649 UP BREAKOUT
R2 10632 UP CAUTION
R1 10621 SELL
PIVOT 10556  
S1 10544 BUY
S2 10533 DOWN CAUTION
S3 10516 DOWN BREAK OUT
S4 10469 BEAR

SGX Nifty
10,633.00 UP+35.50 +0.33%

FII Activity on nifty future:

Index Futures: + 1036.44 Crores

Index Options: + 1417.26 Crores

Stock Futures: + 344.1 Crores

Stock Options: + 29.99 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10608 10578 10626 10657 10705
SSell 10568 10589 10558 10510 10480

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25758 25644 25848 25969 26174
SSell 25618 25669 25548 25343 25222

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