NIFTY AND BANKNIFTY STRATEGY FOR 05-APR-2018

#.Nifty was on a strong bear trend and closed at 10128 level .So today on upside first intra resistance is at 10174-79 level. On downside first support is at 10082-77 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10179 and 10225 level On downside be alert below 10077 and avoid all longs below 10031 level as selling may intensify below that level .

#.  In the cash market today, FII’s bought 335 crores stock whereas DII’s sold 152  crores worth of stock. In the derivative market, FII’s sold 1152 crore of Index futures and bought 1273 crores worth of Index options. In the Stock futures segment, FII’s bought 59 crores worth of stock futures and bought 33 crores stock options.

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

NIFTY50 Cash INTRADAY LEVEL

R4 10308 BULL
R3 10231 UP BREAKOUT
R2 10203 UP CAUTION
R1 10185 SELL
PIVOT 10173  
S1 10072 BUY
S2 10054 DOWN CAUTION
S3 10026 DOWN BREAK OUT
S4 9950 BEAR

SGX Nifty
10,290.00 UP+160.00 +1.58%

FII  Activity 4th April – Daily Derivative Segment:

Index Futures: – 1152.20 Crores

Index Options: + 1273.46 Crores

Stock Futures: + 59.01 Crores

Stock Options: + 33.26 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10198 10185 10255 10368 10438
Sell 10131 10196 10082 10013 9899

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24339 24309 24514 24892 25098
Sell 24112 24333 23955 23750 23372

1518714583_tmp_Contact_US_HD

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s