NIFTY AND BANKNIFTY STRATEGY FOR 13-MAR-2018

#.  Nifty closed with strong bullish note 10,421.40 level.So today on upside first intra resistance is at 10447 level.On downside first support is at 10380-30 level. Market is in bear zone and be very alert. So today for intraday on upside intra resistance are at 10447 and 10480 level On downside be alert below 10333 and avoid all longs below 10310 level as selling may intensify below that level.

#. In the cash market today, FII’s bought 374 crores stock whereas DII’s sold 464 crores worth of stock. In the derivative market, FII’s bought 2397 crore of Index futures and sold 40 crores worth of Index options. In the Stock futures segment, FII’s bought 982 crores worth of stock futures and bought 55 crores stock options.

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

SGX Nifty
10,417.50 Down -14.50 (-0.14%)

FII Activity on nifty future:

Index Futures: + 2397.62 Crores

Index Options: – 40.2 Crores

Stock Futures: + 982.2 Crores

Stock Options: + 55.4 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10441 10385 10481 10533 10629
Sell 10375 10396 10343 10247 10195

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24766 24637 24884 25033 25280
SSell 24612 24662 24513 24266 24117

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