NIFTY AND BANKNIFTY STRATEGY FOR 12-MAR-2018

#.  Nifty was on a bear trend and closed at 10226 level .So today on upside first intra resistance is at 10250-55 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10255 and 10278 level On downside be alert below 10198 and avoid all longs below 10175 level as selling may intensify below that level

#. In the cash market today, FII’s bought 550 crores stock whereas DII’s sold 65 crores worth of stock. In the derivative market, FII’s bought 235 crore of Index futures and sold 109 crores worth of Index options. In the Stock futures segment, FII’s bought 89 crores worth of stock futures and sold 185 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 10322 BULL
R3 10284 UP BREAKOUT
R2 10270 UP CAUTION
R1 10260 SELL
PIVOT 10245
S1 10193 BUY
S2 10184 DOWN CAUTION
S3 10170 DOWN BREAK OUT
S4 10132 BEAR

SGX Nifty
10,344.00 UP+130.50 +1.28%

FII Activity on nifty future:

Index Futures: + 235.1 Crores

Index Options: – 109.83 Crores

Stock Futures: + 89.78 Crores

Stock Options: – 185.87 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10244 10231 10275 10338 10381
Sell 10201 10242 10178 10135 10072

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24411 24381 24488 24675 24783
Sell 24277 24405 24218 24110 23923

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