NIFTY AND BANKNIFTY STRATEGY FOR 03-Apr-2018

#.Nifty was on a strong bull trend and closed at 10,211.80 level.So today on upside first intra resistance is at 10237-57 level.On downside first support is at 10172-62 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10251 and 10261 level On downside be alert below 10172 and avoid all longs below 11162 level as selling may intensify below that level

#. In the cash market today, FII’s sold 689 crores stock whereas DII’s bought 413  crores worth of stock. In the derivative market, FII’s bought 59 crore of Index futures and bought 2525 crores worth of Index options. In the Stock futures segment, FII’s bought 1172 crores worth of stock futures and bought 4 crores stock options.

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

NIFTY50 Cash INTRADAY LEVEL

R4 10330 BULL
R3 10281 UP BREAKOUT
R2 10263 UP CAUTION
R1 10251 SELL
PIVOT 10182  
S1 10172 BUY
S2 10161 DOWN CAUTION
S3 10143 DOWN BREAK OUT
S4 10094 BEAR

 

SGX Nifty
10,210.00 down -54.50 (-0.53%)

FII Activity 2nd April – Daily Derivative Segment:

Index Futures: 59.74 Crores

Index Options: + 2525.33 Crores

Stock Futures: + 1172.8 Crores

Stock Options: + 4.02 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10272 10229 10300 10340 10411
Sell 10219 10239 10199 10128 10087

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24450 24338 24534 24648 24844
Sell 24314 24363 24248 24053 23938

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