NIFTY AND BANKNIFTY STRATEGY FOR 8-MAR-2018

#.  Nifty was on a bear trend and closed at 10154 level .So today on upside first intra resistance is at 10183-88 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10188 and 10218 level On downside be alert below 10119 and avoid all longs below 10090 level as selling may intensify below that level.

#.  FII DII Activity details mentioned below. In the cash market today, FII’s sold 719 crores stock whereas DII’s bought 409 crores worth of stock. In the derivative market, FII’s bought 377 crore of Index futures and sold 939 crores worth of Index options. In the Stock futures segment, FII’s bought 353 crores worth of stock futures and sold 71 crores stock options

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

NIFTY Cash INTRADAY LEVEL

R4 10272 BULL
R3 10223 UP BREAKOUT
R2 10206 UP CAUTION
R1 10194 SELL
PIVOT 10182  
S1 10115 BUY
S2 10103 DOWN CAUTION
S3 10085 DOWN BREAK OUT
S4 10036 BEAR

SGX Nifty
10,400.50 Down-5.00 -0.05%

FII Activity on nifty future:

Index Futures: + 377.22 Crores

Index Options: – 939.72 Crores

Stock Futures: + 353.64 Crores

Stock Options: – 71.6 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10201 10188 10227 10287 10326
SSell 10156 10199 10138 10100 10039

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24289 24259 24370 24538 24648
SSell 24178 24283 24116 24005 23837

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