NIFTY AND BANKNIFTY STRATEGY FOR 02-Apr-2018

#.  Nifty was on a strong bear trend and closed at 10113 level .So today on upside first intra resistance is at 10137-42 level. On downside first support is at 10089-85 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10142 and 10166 level On downside be alert below 10085 and avoid all longs below 10060 level as selling may intensify below that level

#.In the cash market today, FII’s sold 1190 crores stock whereas DII’s bought 1960  crores worth of stock. In the derivative market, FII’s sold 971 crore of Index futures and bought 6951 crores worth of Index options. In the Stock futures segment, FII’s bought 1115 crores worth of stock futures and bought 166 crores stock options.

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

NIFTY 50 INTRADAY LEVEL

R4 10211 BULL
R3 10172 UP BREAKOUT
R2 10157 UP CAUTION
R1 10148 SELL
PIVOT 10132  
S1 10080 BUY
S2 10070 DOWN CAUTION
S3 10056 DOWN BREAK OUT
S4 10016 BEAR

SGX Nifty
10,234.50 Down-8.00 (-0.08%)

FII Activity 28th March 2018 – Daily Derivative Segment:

Index Futures: – 971.48 Crores

Index Options: + 6951.48 Crores

Stock Futures: + 1115.24 Crores

Stock Options: + 166.17 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10136 10124 10146 10177 10200
Sell 10105 10134 10103 10080 10049

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24310 24280 24346 24429 24495
Sell 24238 24304 24221 24155 24072

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