NIFTY AND BANKNIFTY STRATEGY FOR 9-MAR-2018

#.  Nifty was on a bull trend and closed at 10242 level .So today on upside first intra resistance is at 10276-81 level. Market is in bear zone and be very alert. So today for intraday on upside intra resistance are at 10281 and 10316 level On downside be alert below 10203 and avoid all longs below 10170 level as selling may intensify below that level .

#. FII DII Activity details mentioned below. In the cash market today, FII’s sold 364 crores stock whereas DII’s bought 675 crores worth of stock. In the derivative market, FII’s bought 324 crore of Index futures and bought 540 crores worth of Index options. In the Stock futures segment, FII’s bought 373 crores worth of stock futures and sold 287 crores stock options.

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

NIFTY CASH INTRADAY LEVEL

R4 10378 BULL
R3 10321 UP BREAKOUT
R2 10301 UP CAUTION
R1 10287 SELL
PIVOT 10220  
S1 10198 BUY
S2 10185 DOWN CAUTION
S3 10164 DOWN BREAK OUT
S4 10107 BEAR

SGX Nifty
10,280.00 UP +42.00 +0.41%

FII Activity on nifty future:

Index Futures: + 324.71 Crores

Index Options: + 540.6 Crores

Stock Futures: + 373.77 Crores

Stock Options: – 287.82 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10251 10220 10290 10341 10411
SSell 10210 10230 10179 10109 10057

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24526 24376 24678 24860 25162
SSell 24351 24400 24218 23916 23734

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