NIFTY AND BANKNIFTY STRATEGY FOR 15-MAR-2018

#. Nifty was on a slight bear trend and closed at 10410 level .So today on upside first intra resistance is at 10435-40 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10440 and 10465 level On downside be alert below 10380 and avoid all longs below 10356 level as selling may intensify below that level.

#. In the cash market today, FII’s sold 258 crores stock whereas DII’s sold 432 crores worth of stock. In the derivative market, FII’s sold 218 crore of Index futures and bought 327 crores worth of Index options. In the Stock futures segment, FII’s sold 308 crores worth of stock futures and bought 47 crores stock options.

Intraday NIFTY view:
Trend: Bear
We are bearish on NIFTY  but suggest you please book profit every level as we expect market to be volatile. Follow our calls.

NIFTY Cash INTRADAY LEVEL

R4 10513 BULL
R3 10471 UP BREAKOUT
R2 10456 UP CAUTION
R1 10446 SELL
PIVOT 10391  
S1 10376 BUY
S2 10366 DOWN CAUTION
S3 10351 DOWN BREAK OUT
S4 10309 BEAR

SGX Nifty
10,392.00 Down -38.00 (-0.36%)

FII Activity on nifty future:

Index Futures: – 218.45 Crores

Index Options: + 327.77 Crores

Stock Futures: – 308.54 Crores

Stock Options: + 47.73 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10433 10397 10456 10493 10552
Sell 10386 10407 10371 10311 10275

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24952 24806 25073 25225 25492
SSell 24781 24831 24679 24412 24260

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