NIFTY AND BANKNIFTY STRATEGY FOR 06-APR-2018

#.  Nifty was on a bullish trend and closed at 10,325.15 level.So today on upside first intra resistance is at 10415-49 level.On downside first support is at 10258-52 level. Market is in bear zone and be very alert. So today for intraday on upside intra resistance are at 10449 and 10543level On downside be alert below 10258 and avoid all longs below 10236 level as selling may intensify below that level.

#.  In the cash market today, FII’s sold 108 crores stock whereas DII’s bought 615  crores worth of stock. In the derivative market, FII’s bought 1194 crore of Index futures and bought 3681 crores worth of Index options. In the Stock futures segment, FII’s bought 1378 crores worth of stock futures and sold 171 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 CASH INTRADAY LEVEL

R4 10543 BULL
R3 10449 UP BREAKOUT
R2 10415 UP CAUTION
R1 10392 SELL
PIVOT 10262  
S1 10258 BUY
S2 10236 DOWN CAUTION
S3 10202 DOWN BREAK OUT
S4 10108 BEAR

SGX Nifty
10,340.00 Down -16.00 (-0.15%)

FII DII Activity 5th April 2018 – Daily Cash Segment:

FII’s: – 108.02 Crores

DII’s: + 615.28 Crores

FII Activity 5th April – Daily Derivative Segment:

Index Futures: + 1194.76 Crores

Index Options: + 3681.9 Crores

Stock Futures: + 1378.6 Crores

Stock Options: – 171 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10360 10316 10385 10423 10491
Sell 10306 10327 10289 10220 10183

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24828 24687 24976 25155 25444
Sell 24662 24712 24532 24243 24064

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