NIFTY AND BANKNIFTY STRATEGY FOR 21-MAR-2018

#. Nifty was on a slight bull trend and closed at 10124 level .So today on upside first intra resistance is at 10154-59 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10159 and 10188 level On downside be alert below 10090 and avoid all longs below 10060 level as selling may intensify below that level.

#. In the cash market today, FII’s bought 344 crores stock whereas DII’s bought 731 crores worth of stock. In the derivative market, FII’s sold 1516 crore of Index futures and sold 1171 crores worth of Index options. In the Stock futures segment, FII’s bought 797 crores worth of stock futures and sold 148 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 10242 BULL
R3 10193 UP BREAKOUT
R2 10175 UP CAUTION
R1 10164 SELL
PIVOT 10110  
S1 10085 BUY
S2 10073 DOWN CAUTION
S3 10056 DOWN BREAK OUT
S4 10007 BEAR

SGX Nifty
10,168.00 UP +10.00 (+0.10%)

FII DII Activity 20th March 2018 – Daily Derivative Segment:

Index Futures: – 1516.47 Crores

Index Options: – 1171.46 Crores

Stock Futures: + 797.22 Crores

Stock Options: – 148.91 Crores

FII DII Activity 2018 March Series – Summary Cash

FII’s: + 2622.53 Crores

DII’s: + 6437.15 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10151 10130 10188 10237 10294
Sell 10120 10141 10091 10034 9984

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24281 24251 24379 24546 24674
Sell 24188 24275 24109 23981 23814

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