NIFTY AND BANKNIFTY STRATEGY FOR 20-MAR-2018

#.Nifty was on a strong bear trend and closed at 10094 level .So today on upside first intra resistance is at 10135-40 level. On downside first support is at 10338-33 level.Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10140 and 10180 level On downside be alert below 10048 and avoid all longs below 10007 level as selling may intensify below that level.

#. In the cash market today, FII’s bought 292 crores stock whereas DII’s sold 191 crores worth of stock. In the derivative market, FII’s sold 31 crore of Index futures and sold 399 crores worth of Index options. In the Stock futures segment, FII’s sold 323 crores worth of stock futures and sold 90 crores stock options.

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

NIFTY50 Cash INTRADAY LEVEL

R4 10254 BULL
R3 10186 UP BREAKOUT
R2 10161 UP CAUTION
R1 10145 SELL
PIVOT 10131  
S1 10043 BUY
S2 10027 DOWN CAUTION
S3 10003 DOWN BREAK OUT
S4 9935 BEAR

SGX Nifty
10,071.50 Down -43.50( -0.43%)

FII Activity on nifty future:

Index Futures: – 31.19 Crores

Index Options: – 399.89 Crores

Stock Futures: – 323.52 Crores

Stock Options: – 90.37 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10161 10149 10200 10282 10334
Sell 10108 10159 10076 10025 9942

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24439 24409 24574 24822 24987
Sell 24300 24433 24184 24020 23771

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