NIFTY AND BANKNIFTY STRATEGY FOR 22-MAR-2018

#.Nifty was on a slight bull trend and closed at 10155 level .So today on upside first intra resistance is at 10183-88 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10188 and 10216 level On downside be alert below 10122 and avoid all longs below 10093 level as selling may intensify below that level.

#. In the cash market today, FII’s bought 98 crores stock whereas DII’s bought 197 crores worth of stock. In the derivative market, FII’s sold 1291 crore of Index futures and bought 369 crores worth of Index options. In the Stock futures segment, FII’s bought 1244 crores worth of stock futures and bought 18 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 INTRADAY LEVEL

R4 10269 BULL
R3 10222 UP BREAKOUT
R2 10205 UP CAUTION
R1 10194 SELL
PIVOT 10169  
S1 10117 BUY
S2 10106 DOWN CAUTION
S3 10089 DOWN BREAK OUT
S4 10042 BEAR

SGX Nifty
10,192.50 UP +14.00 (+0.14%)

FII DII Activity 21st March 2018 – Daily Derivative Segment:

Index Futures: – 1291.98 Crores

Index Options: + 369.71 Crores

Stock Futures: + 1244.7 Crores

Stock Options: + 18.98 Crores

FII DII Activity 2018 March Series – Summary Cash

FII’s: + 2720.97 Crores

DII’s: + 6634.93 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10206 10193 10243 10311 10361
Sell 10165 10203 10135 10085 10017

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24387 24356 24473 24633 24750
Sell 24289 24380 24221 24103 23944

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