NIFTY AND BANKNIFTY STRATEGY FOR 14-MAR-2018

#.Nifty was on a flat trend and closed at 10426 level .So today on upside first intra resistance is at 10454-59 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10459 and 10487 level On downside be alert below 10395 and avoid all longs below 10366 level as selling may intensify below that level.

#. In the cash market today, FII’s bought 7028 crores stock whereas DII’s bought 1613 crores worth of stock. In the derivative market, FII’s sold 243 crore of Index futures and sold 295 crores worth of Index options. In the Stock futures segment, FII’s bought 165 crores worth of stock futures and sold 148 crores stock options.

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

NIFTY Cash INTRADAY LEVEL

R4 10539 BULL
R3 10493 UP BREAKOUT
R2 10476 UP CAUTION
R1 10465 SELL
PIVOT 10428  
S1 10389 BUY
S2 10378 DOWN CAUTION
S3 10361 DOWN BREAK OUT
S4 10315 BEAR

SGX Nifty
10,398.50 Down-30.50 (-0.29%)

FII Activity on nifty future:

Index Futures: – 242.43 Crores

Index Options: – 295.76 Crores

Stock Futures: + 165.2 Crores

Stock Options: – 148.46 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

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