NIFTY AND BANKNIFTY STRATEGY FOR 23-MAR-2018

#.Nifty was on a slight bull trend and closed at 10114 level .So today on upside first intra resistance is at 10142-47 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10147 and 10175 level On downside be alert below 10081 and avoid all longs below 10053 level as selling may intensify below that level .

#. In the cash market today, FII’s bought 161 crores stock whereas DII’s bought 409 crores worth of stock. In the derivative market, FII’s bought 224 crore of Index futures and bought 2103 crores worth of Index options. In the Stock futures segment, FII’s bought 611 crores worth of stock futures and bought 191 crores stock options.

Intraday NIFTY view:
Trend: Bear
We are Bearish on NIFTY and holding NIFTY March future sell position. Follow our calls.

NIFTY50 Cash INTRADAY LEVEL

R4 10228 BULL
R3 10181 UP BREAKOUT
R2 10164 UP CAUTION
R1 10153 SELL
PIVOT 10143  
S1 10077 BUY
S2 10066 DOWN CAUTION
S3 10049 DOWN BREAK OUT
S4 10002 BEAR

SGX Nifty
10,000.00 Down -117.50  (-1.16%)

FII DII Activity 22nd March 2018 – Daily Derivative Segment:

Index Futures: + 224.29 Crores

Index Options: + 2103.29 Crores

Stock Futures: + 611.22 Crores

Stock Options: + 191.17 Crores

FII DII Activity 2018 March Series – Summary Cash

FII’s: + 2882.09 Crores

DII’s: + 7044.82 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10166 10154 10202 10281 10330
Sell 10113 10164 10084 10036 9957

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24235 24205 24311 24463 24570
Sell 24135 24229 24077 23970 23819

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