NIFTY AND BANKNIFTY STRATEGY FOR 04-Apr-2018

#.Nifty was on a bull trend and closed at 10245 level .So today on upside first intra resistance is at 10268-73 level. On downside first support is at 10221-16 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10273 and 10296 level On downside be alert below 10216 and avoid all longs below 10193 level as selling may intensify below that level.

#. In the derivative market, FII’s sold -693.69 crores of Index futures and bought 1879.99 crores worth of Index options. In the Stock futures segment, FII’s sold -111.79 crores worth of stock futures and bought 62.24 crores of 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 Cash INTRADAY LEVEL

R4 10340 BULL
R3 10302 UP BREAKOUT
R2 10288 UP CAUTION
R1 10278 SELL
PIVOT 10224  
S1 10212 BUY
S2 10202 DOWN CAUTION
S3 10188 DOWN BREAK OUT
S4 10150 BEAR

SGX Nifty
10,283.50 Down+7.50 (+0.07%)

FII Activity 4nd April – Daily Derivative Segment:

Index Futures: -693.69  Crores

Index Options: + 1879.99 Crores

Stock Futures: -111.79 Crores

Stock Options: + 62.24 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10293 10258 10314 10349 10405
Sell 10247 10268 10233 10177 10142

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24617 24513 24683 24779 24949
Sell 24488 24537 24441 24271 24174

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