NIFTY AND BANKNIFTY STRATEGY FOR 27-MAR-2018

#.  Nifty was on a strong bull trend and closed at 10130 level .So today on upside first intra resistance is at 10182-87 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10187 and 10238 level On downside be alert below 10075 and avoid all longs below 10022 level as selling may intensify below that level .

#. In the cash market today, FII’s sold 741 crores stock whereas DII’s bought 2017 crores worth of stock. In the derivative market, FII’s sold 2014 crore of Index futures and bought 744 crores worth of Index options. In the Stock futures segment, FII’s sold 38 crores worth of stock futures and bought 17 crores stock options.

Intraday NIFTY view:
Trend: Bear
We are bullish on NIFTY and holding nifty long position. Follow our calls.

NIFTY50 INTRADAY LEVEL

R4 10329 BULL
R3 10244 UP BREAKOUT
R2 10213 UP CAUTION
R1 10192 SELL
PIVOT 10078  
S1 10069 BUY
S2 10049 DOWN CAUTION
S3 10018 DOWN BREAK OUT
S4 9933 BEAR

SGX Nifty
10,140.00  Down-39.00 (-0.38%)

FII Activity 26th March 2018 – Daily Derivative Segment:

Index Futures: – 2014.68 Crores

Index Options: + 744.4 Crores

Stock Futures: – 38.9 Crores

Stock Options: + 17.1 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10154 10090 10208 10274 10393
Sell 10079 10100 10033 9915 9848

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24299 24078 24499 24729 25150
Sell 24053 24102 23872 23450 23220

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