NIFTY AND BANKNIFTY STRATEGY FOR 28-FEB-2018

#.  Nifty was on a bear trend and closed at 10554 level .So today on upside first intra resistance is at 10580-85 level.Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10585 and 10610 level On downside be alert below 10523 and avoid all longs below 10497 level as selling may intensify below that level .

#. As per the fund flow FII and PRO’s both have mixed position. FII has buying position and Pro has Sell position so we can see some volatility in Nifty.

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 10659 BULL
R3 10617 UP BREAKOUT
R2 10601 UP CAUTION
R1 10591 SELL
PIVOT 10574  
S1 10518 BUY
S2 10508 DOWN CAUTION
S3 10492 DOWN BREAK OUT
S4 10449 BEAR

SGX Nifty
10,502.00 Down -60.00 (-0.57%)

FII Activity on nifty future:

Index Futures: + 783.3 Crores

Index Options: + 1016.17 Crores

Stock Futures: + 428.07 Crores

Stock Options: + 129.76 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10589 10576 10617 10675 10716
SSell 10548 10587 10528 10488 10429

BankNIFTY Future Levels to watch:

BANKNIFTY

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25545 25513 25654 25908 26049
SSell 25374 25538 25284 25143 24889

1518714583_tmp_Contact_US_HD

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s