NIFTY AND BANKNIFTY STRATEGY FOR 7-MAR-2018

#.Nifty closed with negative note 10,249.25 Down -109.60 (-1.06%) made a high of 10,441.35 and low 10,215.90Overall market trend turn negative and nifty holding bearish pattern. We holding nifty sell position. So today on upside first intra resistance is at 10311-16 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10316 and 10350 level On downside be alert below 10182 and avoid all longs below 10120 level as selling may intensify below that level

#. As per the fund flow FII and PRO’s both have mixed position so be caution before making any position in NIFTY.

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

NIFTY Cash INTRADAY LEVEL

R4 10486 BULL
R3 10383 UP BREAKOUT
R2 10346 UP CAUTION
R1 10321 SELL
PIVOT 10302
S1 10177 BUY
S2 10153 DOWN CAUTION
S3 10116 DOWN BREAK OUT
S4 10013 BEAR

SGX Nifty
10,224.50 Down -7.50 -0.07%

FII Activity on nifty future:

Index Futures: + 510.64 Crores

Index Options: + 1027.75 Crores

Stock Futures: + 709.36 Crores

Stock Options: – 7.31 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10311 10298 10378 10512 10592
SSell 10233 10308 10174 10094 9960

BankNIFTY Future Levels:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24685 24655 24910 25328 25583
SSell 24467 24679 24261 24006 23588

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 )

Connecting to %s