NIFTY AND BANKNIFTY STRATEGY FOR 28-MAR-2018

#.Nifty was on a strong bull trend and closed at 10184 level .So today on upside first intra resistance is at 10205-10 level. On downside first support is at 10162-57 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10210 and 10231 level On downside be alert below 10157 and avoid all longs below 10136 level as selling may intensify below that level .

#. In the cash market today, FII’s bought 1063 crores stock whereas DII’s bought 2172  crores worth of stock. In the derivative market, FII’s bought 355 crore of Index futures and bought 243 crores worth of Index options. In the Stock futures segment, FII’s bought 575 crores worth of stock futures and bought 130 crores stock options.

Intraday NIFTY view:
Trend: Bear
We are bullish on NIFTY  but suggest you please book profit every level. Follow our calls.

NIFTY50 INTRADAY LEVEL

R4 10272 BULL
R3 10237 UP BREAKOUT
R2 10224 UP CAUTION
R1 10216 SELL
PIVOT 10174  
S1 10153 BUY
S2 10144 DOWN CAUTION
S3 10132 DOWN BREAK OUT
S4 10096 BEAR

SGX Nifty
10,137.50 Down -72.50 (-0.71%)

FII DII Activity 27th March 2018 – Daily Cash Segment:

FII’s: + 1063.12 Crores

DII’s: + 2172.91 Crores

FII  Activity 27th March 2018 – Daily Derivative Segment:

Index Futures: + 355.1 Crores

Index Options: + 243.97 Crores

Stock Futures: + 575.38 Crores

Stock Options: + 130.42 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10187 10174 10206 10238 10270
Sell 10164 10184 10152 10120 10088

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24419 24387 24507 24626 24745
Sell 24363 24412 24293 24174 24055

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