NIFTY AND BANKNIFTY STRATEGY FOR 26-MAR-2018

#.Nifty was on a bear trend and closed at 9998 level .So today on upside first intra resistance is at 10042-47 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10047 and 10092 level On downside be alert below 9948 and avoid all longs below 9903 level as selling may intensify below that level .

#.In the cash market today, FII’s bought 1628 crores stock whereas DII’s sold 935 crores worth of stock. In the derivative market, FII’s sold 2010 crore of Index futures and bought 157 crores worth of Index options. In the Stock futures segment, FII’s sold 239 crores worth of stock futures and bought 101 crores stock options.

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

NIFTY50 Cash INTRADAY LEVEL

R4 10172 BULL
R3 10098 UP BREAKOUT
R2 10071 UP CAUTION
R1 10053 SELL
PIVOT 10022  
S1 9943 BUY
S2 9926 DOWN CAUTION
S3 9899 DOWN BREAK OUT
S4 9825 BEAR

SGX Nifty
10,017.00 Down -55.00 (-0.55%)

FII DII Activity 23rd March 2018 – Daily Derivative Segment:

Index Futures: – 2010.13 Crores

Index Options: + 157.91 Crores

Stock Futures: – 239.44 Crores

Stock Options: + 101.62 Crores

FII DII Activity 2018 March Series – Summary Cash

FII’s: + 4510.27 Crores

DII’s: + 6109.82 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10011 9998 10040 10082 10124
Sell 9988 10008 9966 9924 9882

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 23752 23722 23825 23951 24053
Sell 23675 23746 23619 23517 23391

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