NIFTY AND BANKNIFTY STRATEGY FOR 19-MAR-2018

#.Nifty was on a strong bear trend and closed at 10195 level .So today on upside first intra resistance is at 10244-49 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10249 and 10298 level On downside be alert below 10140 and avoid all longs below 10091 level as selling may intensify below that level.

#.In the cash market today, FII’s sold 150 crores stock whereas DII’s sold 770 crores worth of stock. In the derivative market, FII’s sold 2221 crore of Index futures and sold 61 crores worth of Index options. In the Stock futures segment, FII’s sold 269 crores worth of stock futures and bought 73 crores stock options.

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

NIFTY50 Cash INTRADAY LEVEL

R4 10386 BULL
R3 10304 UP BREAKOUT
R2 10274 UP CAUTION
R1 10255 SELL
PIVOT 10245  
S1 10136 BUY
S2 10116 DOWN CAUTION
S3 10087 DOWN BREAK OUT
S4 10005 BEAR

SGX Nifty
10,229.00 Down -5.00 (-0.05%)

FII Activity on nifty future:

Index Futures: – 2221.57 Crores

Index Options: – 61.49 Crores

Stock Futures: – 269.57 Crores

Stock Options: + 73.02 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10266 10253 10314 10400 10461
Sell 10217 10263 10177 10116 10030

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24700 24669 24784 24973 25088
Sell 24571 24693 24505 24390 24201

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