NIFTY AND BANKNIFTY STRATEGY FOR 6-MAR-2018

#.  Nifty was on a bear trend and closed 10,358.85 Down -99.50 (-0.95%) made a high of 10,428.70 and low 10,323.90. Overall market trend turn negative and nifty holding bearish pattern. We are holding the nifty sell position. So today on upside first intra resistance is at 10395-00 level. Market is in bear zone and be very alert. So today for intraday on upside intra resistance are at 10400 and 10437 level On downside be alert below 10316 and avoid all longs below 10280 level as selling may intensify below that level.

#. As per the fund flow FII and PRO’s both have sell position. so any gape up opening will be a selling opportunity.

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

NIFTY 50 Cash INTRADAY LEVEL
R4 10504 BULL
R3 10443 UP BREAKOUT
R2 10421 UP CAUTION
R1 10406 SELL
PIVOT 10380  
S1 10312 BUY
S2 10297 DOWN CAUTION
S3 10275 DOWN BREAK OUT
S4 10214 BEAR

SGX Nifty
10,404.00 UP +44.00 +0.42%

FII Activity on nifty future:

Index Futures: – 1487.86 Crores

Index Options: + 1373.76 Crores

Stock Futures: – 472.72 Crores

Stock Options: + 72.89 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10373 10355 10395 10430 10470
SSell 10345 10365 10331 10290 10256

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24885 24806 24941 25028 25163
SSell 24781 24831 24744 24609 24522

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